Monetary Theory

The task at hand is the study of the problems of the determination of prices and interest rates. This task requires a sharp distinction between money-certificates and fiduciary media.

There is no better work to explain the broader implications of central banking which go almost totally unremarked in the financial press than The Ethics of Money Production.

The task at hand is the study of the problems of the determination of prices and interest rates. This task requires a sharp distinction between money-certificates and fiduciary media.

What the witch was to medieval man, what the capitalist is to socialists and communists, the speculator is to most politicians and statesmen: the embodiment of evil.

Yes, it can happen here. Only a fool thinks otherwise.

Can newly issued currency be used to pay for public works, health care, college, entitlements, and guaranteed jobs? If it sounds too good to be true, it is—and Dr. Murphy joins the Human Action Podcast to explain why.

Changes in money supply and liquidity are not the same thing.

Tracy's deductive methodology, his liberal approach to governmental affairs, and his subjectivism qualify him as a proto-Austrian economist who enjoyed considerable influence not only in France but also around the world.

Professor Stephanie Kelton is the leading light of a bizarre proposal known as modern monetary theory. Government deficits are a “myth,” because they don’t matter, because they never need to be repaid. Gordon disabuses this magical thinking.

Presented at Mises University 2020.