Money and Banks
Credit Expansion and Submarginal Investments
Markets are ruthlessly efficient, meaning in large part that people will not undertake investment proj
The slow, systematic destruction of the dollar’s purchasing power
It’s interesting to look the producer price index and consider how extreme and relentless are price increases over time, and it strikes me th
The Fed Tried to Inflate in 1930-32
The rate cut today is a good reminder that the Fed can’t always get its way.
Austrian Economics vs. Bernanke’s Economics
In conclusion, inflation wreaks havoc on the structure of capital. It does so not only through the intertemporal misallocation of resources that takes place when the interest rate no longer reflects the social rate of time preference, but inflation also wrecks the existing structure of capital by introducing unpredictability into entrepreneurs' plans that rest on predictable exchange rates.
The Precedent for the Ron Paul Dollar
Needless to say, during the course of this history, the federal government took more and more monetary powers so that, today, our monetary arrangements would be unrecognizable to any of the Founders. Our coins, in particular, are ugly little pieces of nothing and a constant reminder of our degradation.
