Austrian Economics OverviewMoney and BankingValue and Exchange
Big GovernmentMoney and BanksOther Schools of Thought
The printing press doesn’t create real resources, it only obscures the method by which the government siphons them away from the private sector.
In January, year-over-year growth in the money supply was at 3.3 percent. That was down from December's growth rate of 3.8 percent, but was up from January 2018's rate of 2.8 percent.
Money and BanksMoney and Banking
"The main thing is that the government should no longer be in a position to increase the quantity of money in circulation and the amount of checkbook money not fully — that is, 100 percent — covered by deposits paid in by the public."
Dr. Mark Thornton joined Glenn Beck for an interview on how Austrian economists have predicted every major crisis of the last century.
Hayek was right when he said if we want to maintain a free society, we have to take the money monopoly away from the government.
Today is the 24th anniversary of Murray Rothbard's death. Rothbard had a consistent vision of the good society throughout his long career.