Mises’ monetary theory compared to other theories
Lots of people talk about “The” Quantity Theory of Money and “The” Equation-of-Exchange. The terms have a familiar feel to them, they’re part of…
Read MoreLots of people talk about “The” Quantity Theory of Money and “The” Equation-of-Exchange. The terms have a familiar feel to them, they’re part of…
Read MoreRecently, Paul Krugman claimed that the threat of an invasion by space aliens could bring the US economy out of recession in eighteen months….
Read MoreThe Quantity Theory of Money seems straightforward, but a little thought about it brings up many questions. Different economists have taken different approaches to…
Read MoreThe most basic theory of (fractional-reserve) free banking concerns the supply of money and demand for money. At some times the public on net…
Read MoreA street in Vienna is called a gasse, strasse or platz. There are a few of them named after people who aren’t so popular…
Read MoreI’m currently in Vienna. I’ve spent a lot of time here enjoying cups of coffee in peaceful cafes, and I think I understand the…
Read MoreAt any given time, a few Keynesian economists and Austrian economists can always be found arguing on the internet. Recently, Don Boudreaux of Cafe…
Read MoreOne of the most important questions about politics we must ask ourselves is: How should we live in a state we don’t approve of?…
Read MoreAs I expect many readers of this site will know, a debate has begun between the Austrian Economist Robert Murphy and the “Quasi-Monetarists” Scott…
Read MoreAs the bailout of Ireland begins in earnest, many in the media are asking “What went wrong?”, and coming to some dubious answers. The…
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