Monetary Theory

The Bush plan claims to increase capital accumulation because of its superficial emphasis on investment, writes Robert Murphy. But it is a total shell game.

The Real Bills Doctrine (RBD) has a long and controversial history, writes Robert Blumen. Many of the key concepts originated with the monetary crank John Law.

Writes Antony Mueller: Coercive capital-based systems do not eliminate the vicious cycle of wealth destruction.

Murray Rothbard, in this classic essay originally published in 1991, offers the most "pure" proposal of all: private mintage, 100 percent reserve banking, circulating coins, full convertibility.

Although, on a global level, consumer price inflation appears rather muted at present, writes Thorsten Polleit of Barclays, there are indications that the devaluation of money might be taking a new route.

Toby Baxendale argues that Austrian economics has its own contribution to make to the method of hedge funds.

Recorded at the Austrian Economics and Financial Markets conference at The Venetian Hotel Resort Casino, Las Vegas, 02-19-2005

Current monetary policy, writes Frank Shostak, is based on a theory of Knut Wicksell. How does Wicksell stack up to Mises?

Many parents force their children to save. But the state is not our parent, writes Chris Westley. It doesn't have our best interests at heart. 

Grant Nülle shows how the EU's fiscal stability pact is coming unravelled.