Money and Banks

Markets are ruthlessly efficient, meaning in large part that people will not undertake investment proj

One cannot arguably begin a new year without insi

Please alert your loved ones about the coming

ZIMBABWE’S tough-talking central bank chief Gideo

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 rate cut today is a good reminder that the Fed can’t always get its way.

Recorded at Mises University 2007.

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.

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.