Only Bitcoin and Gold Can Stop Governments from Destroying the Currency
Bitcoin and gold are now playing the essential role that central banks should be enforcing.
Money and Banking
Displaying 1 - 10 of 1990
The Optimal Supply of Money: A Simple Argument
How much money does an economy need in circulation to function? Austrians believe that a growing economy does not need a growing supply of money, which sets Austrian economics apart from other schools of economic thought.
From COVID Lockdowns to Exchange Rates, Capital Theory, and Monetary Policy
What do COVID lockdowns, currency collapses, and hyperinflation all have in common? According to Steve Hanke, they all reveal how central planners manipulate fear, money, and power to control society.
How MMT Advocates View Money and the State
While MMT advocates claim special knowledge, the irony is that they don't understand money at all. Like all progressive statists, they fail to comprehend the economic damage done through their “modern” monetary manipulations.
High Time Preference Is the Cause of Increases in Long-Term Interest Rates
Long-term interest rates are on the rise and there is no shortage of explanations from the usual suspects. One thing the pundits miss, however, is the role of time preference in determining interest. The Austrians do not make that error.
Unpacking Mises: Fractional Reserve Banking and the Currency School
Mises Fellow Kristoffer Hansen joins Bob to discuss the controversy surrounding Mises' perspective on fractional reserve banking and free banking.
What Was Mises’s Position on Fractional Reserve Banking?
Murphy lays out the various camps in the debate over fractional reserve banking.
Philipp Bagus on the Flaws in the “Real Bills” Doctrine
Dr. Philipp Bagus explains the main ideas from his new book which defends Misesian business cycle theory from a recent critique.
The Origin of Money: Menger vs. Graeber
Bob explains the contributions of Menger and Mises to monetary theory. He then deals with the critique of David Graeber, who argues that the economists' story of the origin of money is bogus.
