Monetary Theory

With its latest move to boost interest rates, the Fed is again clouding its role as the sole source of economy-wide price increases.

Greenspan recently said he is not sure what the money supply is. But money is like any commodity: it has a supply and it can be counted.

Richard Cantillon is virtually unknown today, but he pioneered a new way to examine social and economic affairs.  

As regular banks decline in financial importance, some economists have wrongly said that non-banks have become engines of inflationary credit.

Two articles debunking the Fed's "con game," written on Greenspan's first appointment to the Fed and his later reappointment.

Central bankers mistake the cause for the cure. (Essay by Jeffrey Herbener)

So long as the Fed has the power to print, the boom-bust cycle is here to stay. (Paper by Frank Shostak)

The movie as an allegory in defense of free trade: Mark Thornton restates his position and defends it against critics.

The failures of the IMF point to only one solution: abolish it. (Article by David R. Henderson)

George Bittlingmayer on the blessings of mergers.