Money and Banks

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

It is not easy to change the failed policies of the Kirchner era without recognizing the enormous monetary and fiscal hole created by the previous administration.

Central banks contend they can avoid booms and busts by increasing the money supply the "correct" amount. They are bound to fail.

Bob Murphy and Carlos Lara discuss the yield curve from an Austrian perspective.

The consequences of counterfeiting are the same regardless of who does it. The counterfeiters are exchanging nothing for something — thus stealing from those who create real value.

Jeff Deist joins David Gornoski to respond to billionaire hedge fund manager Ray Dalio's recent interview on 60 Minutes. 

Dalio played the game, by the rules of the game. Now he appears to say, "I've got mine, let's change the rules."

Stated simply, gold-standard proponents seek a dollar that is widely trusted as a constant measure of value. Nothing more. Nothing less.

Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.

Trump doesn't understand the problem with the boom-bust cycle is the boom phase, not the bust.