Monetary Theory

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How Trump Could Win the Currency War

The FedMoney and BanksMonetary TheoryMoney and Banking

If Trump wants to end the foreign currency manipulation he condemns, he can begin by ending the use of "non-standard" monetary tools in the US.

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Should Cash be Abolished?

Money and BanksMonetary TheoryMoney and Banking

The usefulness of money depends on it having some connection to physical money. Reducing money to a digitized abstraction would be a disaster.

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The Case Against Fed Reform

The FedMonetary TheoryMoney and Banking


Congress seems set to reform the Fed, but what we really need is Fed competition.

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Why Government Solutions Usually End in Inflation

Big GovernmentBooms and BustsMonetary Theory


All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.

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Why Are Dollar Bills Worth Anything?

Monetary TheoryMoney and Banking


Today's paper money does not have value due to some government decree. It's value as money is based on a past connection to commodity money.

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Ten Fundamental Laws of Economics

Austrian Economics OverviewMonetary Theory


If we had to sum up economics in ten fundamental laws, here are ten we would choose.

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The Week in Review: December 3, 2016

The Police StateWorld HistoryInterventionismMonetary TheoryPolitical Theory


American's should worry less about companies leaving for oversees, and more about how government is eroding their freedoms.

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Bring Back the "Gold-Clause Contracts"

Legal SystemMoney and BanksGold StandardMonetary Theory


The courts have long sided with the Feds in refusing to enforce gold clauses in private contracts. State governments can undo some of this damage.

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Did Tariffs Make America Great?

Money and BanksU.S. HistoryMonetary Theory


Economists Stephen Cohen and Bradford DeLong are spouting an unfortunate amount of enthusiasm for Alexander Hamilton's corporatist economics.

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No, the Fed Doesn't Have a Plan. Yes, the Fed Really is Monetizing Government Debt

The FedU.S. EconomyMonetary TheoryMoney and Banking


A Wall Street crisis would become a Main Street crisis without quantitative easing, or so the story began in Nov. 2008. Have you seen a recovery?

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