Thanks to modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.
Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.
Bob Murphy and Jonathan Newman offer a comprehensive Austrian response to Richard Werner’s claims on the Tucker Carlson Show about banks, money creation, and credit theory.
Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.
The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal‘s central bank—working as a branch of the European Central Bank—has been undermining sound money and economic prosperity in that country.
The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country.
Bob Murphy and Jason Priddle discuss the GENIUS Act, stablecoins, and what the future holds for cryptocurrency regulation and monetary freedom.
Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong.
Even when MMT advocates are correct that colonial governments at times burned money after receiving it for tax revenues, they still manage to get both the history and the causes wrong.
Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.
