Monetary Policy

Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.

The student loan program not only is saddling young people with huge debts, but it also encourages colleges and universities to charge higher tuition. When President Obama nationalized the program, it was supposed to end students indebtedness, not increase it.

Elites portray CBDC currency as a helpful high-tech alternative to cash and current electronic money. But CBDCs are really little more than a tool for total state control of the economy. 

Who Needs the Fed? Tom DiLorenzo talks to Shaun Thompson about fiscal illusion and the failure of the Federal Reserve.

Continued bailouts undermine the entire economy by rewarding financial failure and discouraging productive economic activity.

Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was the collapse of real savings, which was due to loose monetary policies by the Federal Reserve.

Economics textbooks describe monetary policy as though it were administered by experts who know how to fix problems in the economy. In truth, there is no such thing as “monetary policy”; what we have is the Federal Reserve engaging in wealth transfers.

Responding to economist Juan Ramón Rallo's critique of Ludwig von Mises's The Theory of Money and Credit in Una crítica a la teoría monetaria de Mises, Bagus demonstrates that Mises's supposed errors are not errors at all.

Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in the Quarterly Journal of Austrian Economics.

What does the state do when in a financial fix? Unlike the rest of us, it legally counterfeits. By so doing, it transfers wealth to those who are politically connected—and then lies about it.