Money supply and velocity
Mainstream view of what velocity is According to popular thinking the idea of velocity is straightforward. It is held that over any interval of…
Read MoreLudwig von Mises
An Austrian take on inflation
We know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase…
Read MoreRichard Ebeling, “Introductions to the Selected Works of Ludwig von Mises (2000-12)” Part 2
[Editor’s Note: this lengthy piece, by Richard Ebeling, primarily based on the “lost papers” of Ludwig von Mises that he and his wife, Anna, discovered…
Read MoreRichard Ebeling, “Introductions to the Selected Works of Ludwig von Mises (2000-12)” Part 1
[Editor’s Note: this lengthy piece, by Richard Ebeling, primarily based on the “lost papers” of Ludwig von Mises that he and his wife, Anna, discovered…
Read MoreThe Selfish Gene and human cooperation
It took me until my 43rd year to read The Selfish Gene, written in 1976 by Richard Dawkins. In many respects, it is a testament…
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The four words that define western economic policy
“The goods and services traded on the semi-secretive website Silk Road since February 2011 with the virtual currency Bitcoins were so varied that the…
Read MoreMises’ 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 MoreCome back to gold
This excerpt from Omnipotent Government by Ludwig von Mises was recently featured at Mises.org. The gold standard was an international standard. It safeguarded the…
Read MoreCould Bitcoin be the money of the future?
The crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may…
Read MoreThe bankruptcy of governments
The following is a transcript of the “Adam Smith Lecture” I gave at a private gathering in London on 19 February. For a long…
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