Is Higher Inflation Inevitable?
It's going to happen unless we get radical reform soon.
Monetary Theory
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Paper Money Wears Prada
The money inevitably flows to the latest speculative fashion, whatever it happens to be.
The EMU as a Self-Destroying System
When property rights in money are poorly defined, negative external effects develop. The institutional setup of the euro, with its poorly defined property rights, has brought it close to collapse and can be called a tragedy of the commons.
Unemployment and Economic Recovery
Without government, unemployment could be relatively easily alleviated.
Ideological and Irrational Exuberance
David Kramer on Bitcoin—Just Another Bogus Medium of Exchange
The Case against Raising the Debt Ceiling
If the government merely returned to its 2003 spending levels, then the current revenue stream would be enough to pay for everything.
What Is Money?
A man would die of hunger who, having decided that money is real wealth, should carry out the idea to the end, writes Frédéric Bastiat (1801–1850).
Macro Confusion: Inflation, Commodities, and the Fed
The fact is that it is their money pumping that is driving both GDP growth and commodities prices — but not the real economy.
The Great Myth of the Inflation Cure
Casey B. Mulligan believes what the economy needs right now is a little inflation.
