Monetary Theory

Murphy gives a comprehensive critique of Stephanie Kelton's new Modern Monetary Theory documentary, covering the flaws in its theory, history, and policy recommendations

Did Stephanie Kelton correctly predict that government debt would be benign back in May of 2020? Bob and guest Jonathan Newman discuss.

Carl Menger is best known for his vital role in creating the marginal revolution of 1871. However, Menger’s insights ranged well beyond value theory, as he wrote excellent commentary on money and sociology.

In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary.

The Friedrich A. Hayek Memorial Lecture. Sponsored by Donald and Judy Rembert.

In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary.

Brent Johnson of Santiago Capital joins Bob for a friendly disagreement over the dynamics of a decline in foreign demand to hold USD.

The number of U.S.

Bob highlights some of the key issues from his recent ZeroHedge debate, and explains why he thinks his side won.

Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.