Carl Menger on Currency Durability: A Lesson on Cryptos?
Assessing cryptocurrencies through a framework of "saleableness" may help us understand why some cryptocurrencies are chosen for speculation above others.
Assessing cryptocurrencies through a framework of "saleableness" may help us understand why some cryptocurrencies are chosen for speculation above others.
Bob reviews the contributions of Böhm-Bawerk, Fetter, and Mises, and explains interest from an Austrian approach.
Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.
Central banks contend they can avoid booms and busts by increasing the money supply the "correct" amount. They are bound to fail.
A important factor in wealth redistribution has been the increased participation of both financial and non-financial firms in financial markets.
Bob Murphy and Carlos Lara discuss the yield curve from an Austrian perspective.
The consequences of counterfeiting are the same regardless of who does it. The counterfeiters are exchanging nothing for something — thus stealing from those who create real value.
Trump doesn't understand the problem with the boom-bust cycle is the boom phase, not the bust.
Mises’s insight into the importance of Cantillon effects can be further extended to explain not only income and wealth inequalities among individuals but also some rather curious developments in global industrial organization over the last few decades.
Expansionary monetary policy causes economic recessions. It doesn't cure them.