The Fiasco of Fiat Money
Today’s worldwide fiat-money regime has effects that extend beyond what most people would imagine, writes Thorsten Polleit.
Monetary Theory
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The Danger of External Debts
High public (external) debts and persisting import surpluses are signs of a weak currency.
The Fed’s Swap Bailout of the Eurozone
The highest cost of the Fed policy may be liberty in Europe.
The Worst of All Monetary Policies
Combining the balance sheets of commercial banks and the Fed provides insight into the expansion of the monetary sector as a whole.
Mises on the Basics of Money
Why would people give up goods and services for little disks of silver and gold that they never actually use?
Forecasting: The Model Solution
We can, in fact, derive the entire body of economic theory, not from predictions, but from the realization that human actions are conscious and purposeful.
The Blessing of a Strong Currency
To hear some commentators talk, one would think that America's trade-deficit woes would be miraculously erased with a swift devaluation.
The Fed’s Quasi-Fiscal Policies
The current policies of the Fed are a sharp departure from the old way of performing monetary policy.
Inflation Targeting Hits the Wall
Inflation targeting is not only defective in guaranteeing monetary stability; it was instrumental in bringing about the current financial crisis.
The Myth of Free Banking in Scotland
Scottish banks were not free (they too pyramided on the Bank of England) and, not surprisingly, they worked no better than the English banks.
