Monetary Theory

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.

Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today,

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.

The Communist Manifesto pushed a heavily progressive income tax as one of ten key ways to undermine the market order. Unfortunately, the idea didn't die with Marx. 

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.

Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money.

As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.