Money and Banks

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.

It appears that the government of Zimbabwe is giving the Hungarian

Pat Buchanan’s recent attempt to diagnose the sinking dollar demonstrates that ignorance of basic economics is not limited to the Left.

Every libertarian should support full freedom in money production and use, and a great step toward sound money would be to scrap all laws against a

One of the claims made against the gold standard is that there has been more stability since we adopted a paper standard than when we were under go

If mainstream economists and market analysts’ predictions (wishes?) come true, and the US Federal Reserve lowers rates several times in the n