Money and Banking

Inflation isn't an increase in prices, and deflation isn't what causes economic depressions.

Many Americans now lack even small amounts of savings to deal with life emergencies. This is a triumph for Keynesian economics.

The Rothbard Graduate Seminar is underway, and students are gathering for a week of careful study of Mises's Human Action.

We can apply economic analysis to explain cultural transformation, and a particularly important example is fiat money.

Central bankers think the official statistics are overcounting inflation and undercounting productivity.

Ben Bernanke is not the savior who rescued the global economy; he is the clueless fool who plunged a poisoned knife in its back.

Grant: "I think both the institution of government-credit money and of credit are in a tough way."

Friday's bad employment data closed out a week of new analysis revealing a battered economy.

Lucky for Americans in need, Wal-Mart is there to provide the services that government will never be able to do well.

Thanks to the Fed's current monetary policy, real incomes are going down, and people are taking on more debt to maintain their standard of living.