Monetary Theory

Deflation is a "great liberating force," writes Hülsmann, "because it destroys the economic basis of the social engineers, spin doctors, and brain washers."

The best use of the money would be to burn it.

The restoration of monetary freedom would also force a sharp reduction in the size and power of government.

Even zero inflation is too much when an economy is experiencing overall improvements in productivity. Sound policy in that case calls for deflation at minus the rate of productivity growth.

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.  Introduction and Award Presentation by Dr. Gary G.

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama. 

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama. Includes an introduction by Tom Woods.

The mixing of politics and business not only is detrimental to politics, as is frequently observed, wrote Ludwig von Mises in 1926, but even much m

This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped.

Those of us not receiving the new money will be crowded out of the market only to see the prices of our purchases rise and our planning and value of our savings dissipate as it takes more and more money to do in the future what we could today have done for less.