Bastiat Does Not Go Far Enough
The unseen effect that is missing in his "Broken Window" analysis is the diversion of time and energy from a community-enhancing endeavor (the unseen) to one of restoration (the seen).
Value and Exchange
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The Money Substitutes
A money-substitute can be embodied either in a banknote or in a demand deposit with a bank subject to check (”checkbook money” or depos
The Specific Value of Money
The task of the theory of money consists merely in dealing with that component in the valuation of money which is conditioned by its function as a
The Notion of Neutral Money
The notion of a neutral money is no less contradictory than that of a money of stable purchasing power.
The Determination of the Purchasing Power of Money
The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intentio
Demand for Money and Supply of Money
Money is the thing which serves as the generally accepted and commonly used medium of exchange.
Smashing Myths and Restoring Sound Money
Recorded at the Mises Circle in Greenville, South Carolina, 3 October 2009. Sponsored by Ron Wilson, and Professional Planning of Easley, LLC.
