Monetary Theory
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Bob Murphy Reviews Stephanie Kelton’s New Book on MMT
Bob wrote a lengthy review of Stephanie Kelton's new book on MMT, The Deficit Myth, for the Mises Institute. In this episode he narrates his review.
Mises on the Velocity of Circulation
In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.
A Review of Stephanie Kelton’s The Deficit Myth
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.
A Review of Stephanie Kelton’s The Deficit Myth
The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever.
To Prevent Problematic Inflation, We Need More Production. Which Means There’s Trouble Ahead.
Price inflation is so difficult to predict, because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.
Let’s Hope Deflation Is Headed Our Way
Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.
Bitcoin and the Theory of Money
In the latest installment of Understanding Money Mechanics, Robert Murphy explains what Bitcoin is, how it works, and how it fits into Misesian monetary theory.
Human Action Part Three with Dr. Per Bylund
If you've wanted to read Human Action, this is your opportunity to hear it explained by great economists and scholars!
Why Deflation Can Be a Good Thing
Brazilian journalist André de Godoy interviews economist and Mises Institute scholar Antony Mueller on the nature of money, banking, and prices.
