Monetary Theory

Today's paper money does not have value due to some government decree. It's value as money is based on a past connection to commodity money.

If we had to sum up economics in ten fundamental laws, here are ten we would choose.

American's should worry less about companies leaving for oversees, and more about how government is eroding their freedoms.

The courts have long sided with the Feds in refusing to enforce gold clauses in private contracts. State governments can undo some of this damage.

Economists Stephen Cohen and Bradford DeLong are spouting an unfortunate amount of enthusiasm for Alexander Hamilton's corporatist economics.

A Wall Street crisis would become a Main Street crisis without quantitative easing, or so the story began in Nov. 2008. Have you seen a recovery?

This ambitious new book on the foundations of money and monetary institutions is an impressive interdisciplinary exercise.

Finance Behind the Veil of Money takes the minority view that opportunity costs are not only unnecessary but even unhelpful to understanding choice.

This approach to costs and action allows for a praxeological explanation of originary interest avoiding shortcomings of traditional Austrian analysis.

Economists Stephen Cohen and Bradford DeLong are spouting an unfortunate amount of enthusiasm for Alexander Hamilton's corporatist economics.