Theory of Money and Credit
Theory of Money and Credit Ludwig von Mises Copyright 1981 by Liberty Fund Inc. Via the Library of Economics and Liberty
READ MOREEconomic Myths and Irrelevancy
Economic Myths and Irrelevancy A Minority View by Walter Williams
READ MOREThe Ethics of Money Production
The Ethics of Money Production J. Guido Hulsmann Copyright 2008 by the Ludwig von Mises Institute
READ MOREFiat Money Inflation in France
Fiat Money Inflation in France: How it came, what brought it and how it ended Andrew Dickinson White New York: D. Appelton & Co., 1896. Via Liberty Fund
READ MOREWhere’s that Inflation
Inflation is the result of more dollars chasing the same number of (or fewer) goods. As the Nobel laureate Milton Friedman put it, in one of his main contributions to “monetarist” economics, inflation is always and everywhere a monetary phenomenon—that is, it’s caused by an expansion in the supply of money or credit. So why haven’t we seen inflation in 2009? Are we looking in the wrong places, or is it time to update monetarist theory?
READ MORE“A Treatise on Money”
“A Treatise on Money” Juan de Mariana via The Acton Institute Journal of Markets & Morality, Vol. 5, No. 2, Fall 2002.
READ MORE1920-21 and the Great Depression
Put differently: the 1920-21 episode was, in fact, a severe, though not particularly long, recession. Allowing the money supply to fall isn’t painless. Allowing the money supply to fall in an environment of severe downward wage rigidity is VERY “not painless.” The 1920-21 episode doesn’t demonstrate that deflation is harmless. It DOES demonstrate that if you have deflation, it will be less bad if you have nominal wages that are flexible downward. That recession is the best example of why Hoover’s wage policies were such a mistake.
READ MOREWhat Has Government Done to Our Money?
What Has Government Done to Our Money? Murray M. Rothbard Copyright 1980 by The Ludwig von Mises Institute
READ MOREThe Gold Standard as a “Good Housekeeping Seal of Approval
In this article we argue that during the period from 1870 to 1914 adherence to the gold standard was a signal of financial rectitude, a “good housekeeping seal of approval,” that facilitated access by peripheral countries to capital from the core count …
READ MORESound Money Essay Contest
Sound Money Essay Contest * The Deadline for The Essay Contest has been extended! Submit your essays to [email protected] on or before January 15th, 2010. A Monetary System for the Free Society The Atlas Economic Research Foundatio …
READ MORE“To Prevent Bubbles, Restrain the Fed”
“The U.S. cannot afford to have another lost decade. Or to see the dreams of another generation of Americans who had been told to take responsibility for their financial health by investing in the stock market dashed by failed monetary and fiscal polic …
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