Jeff Deist and Peter St. Onge discuss some of the fundamental questions about money in this electronic age. What do Menger and Mises tell us about the origins of money? What's the difference between "money" and a "medium of exchange"? Was Hayek right about degrees of "moneyness"?
The Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and defends the market economy, private property, sound money, and peaceful international relations, while opposing state intervention.