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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.
Austrian Economics OverviewMonetary Theory
If we had to sum up economics in ten fundamental laws, here are ten we would choose.
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.
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.
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.
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?
Booms and BustsMoney and BanksMonetary Theory
The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.
Taxes and SpendingCalculation and KnowledgeMonetary TheoryValue and Exchange
Monetary profit is not the only kind of profit, but in a complex world, monetary profit is essential in building sustainable economies.
Business CyclesMonetary Theory
No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.
We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.