Money Velocity and Prices
Prices and purchasing power are determined by how individual consumers value goods and services. The "velocity of money" won't help us understand prices or the money supply.
Podcast
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Human Action Part Seven with Tom Woods
We've reached the end of Human Action! Tom Woods joins the podcast to discuss Part Seven, "The Place of Economics in Society," and it's a show you don't want to miss.
Andrew Althouse on Clinical Trial Design and Remdesivir
Dr. Andrew Althouse dissects the recent news of the positive Remdesivir trial.
Governments Are the Real Price Gougers
Although politicians lecture private companies for raising prices, it is governments that have for decades raised the prices of goods and services by limiting supply and raising costs.
David R. Henderson Critiques Stimulus Bill and Organizes Protest of California Lockdown
David Henderson explains some of the major problems with the so-called "stimulus" bill, and discusses the protest he helped organize against California's lockdown.
Some Insightful Entrepreneurs Planned for a Pandemic
Although many claim "nobody saw this coming," some entrepreneurs planned ahead and also have found ways to cater to customers under new conditions.
Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle
When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.
How All That Extra Stimulus Money Could Lead to Price Inflation
More money creation doesn't necessarily mean higher consumer prices. But, if production is falling while consumers use their stimulus checks to buy food and clothing, we could see noticeable price inflation.
Facing Economic Disaster, France Turns against Globalism
France faces a future of spiraling debt and declining economic growth. So Emmanuel Macron has now embraced economic nationalism as a way out. It's not likely to work.
America Is a Technocracy, Not a Democracy
The people who really run the country are unelected "experts" and bureaucrats at the central banks, at public health agencies, spy agencies, and an expanding network of boards and commissions.
