The Quality of Money

The Quarterly Journal of Austrian Economics

Tags: Monetary Theory

07/30/2014 Quarterly Journal of Austrian Economics Philipp Bagus

Downloads

qjae12_4_2.pdf

Volume 12, Number 4 (2009)

Much has been written about the quantity of money and its effects on money’s purchasing power. However, changes in the quality of money have been widely neglected. This paper analyzes changes in the quality of money and its influence on the purchasing power of money.

CITE THIS ARTICLE

Bagus, Philipp. “The Quality of Money.” The Quarterly Journal of Austrian Economics 12, No. 4 (2009): 22–45.

Subscribe to Quarterly Journal of Austrian Economics

Latest Articles

Distress in Commercial Real Estate Bonds Hits All-Time High

11/22/2024 Mises Wire Artis Shepherd

Commercial real estate continues to suffer despite the Federal Reserve’s attempt at ameliorating the capital markets with a 50-basis point rate cut in September. The pain is especially apparent in the...

Draper on War: When Is War Just?

11/22/2024 Mises Wire David Gordon

War and Individual Rights by Kai Draper; Oxford University Press, 2016, xii + 254 pp. Many people make fun of analytic philosophy because of its use of imaginary cases, often elaborated with what...

Logs Only Roll In One Direction: Fighting Kinetic Energy

11/22/2024 Power & Market Jim Fedako

Before anyone gets their hopes up about a reduction in government expenditures resulting from the upcoming Department of Government Efficiency (DOGE), remember that, once rolling, a log rolls in one...

Finding Shelter from Monetary Racketeers

11/22/2024 Mises Wire George Ford Smith

Henry Hazlitt said that to cure inflation, stop inflating, but surprisingly, most economists and politicians don’t want a cure. They believe a little inflation is not only good, but necessary...

A Critique of Black Box Economics

11/21/2024 Mises Wire C.R. Olschwang

A central debate in the philosophy of science concerns the purpose of scientific theories: should they aim to represent the world as accurately as possible or is it sufficient for them to produce...

Meet the Writer

Philipp Bagus

Philipp Bagus is professor at Universidad Rey Juan Carlos. He is a Fellow of the Mises Institute, an IREF scholar, and...

Philipp Bagus on the Flaws in the “Real Bills” Doctrine

10/11/2024 Robert P. Murphy Philipp Bagus

Dr. Philipp Bagus explains the main ideas from his new book which defends Misesian business cycle theory from a recent critique.

In Defense of Milei

09/10/2024 Power & Market Philipp Bagus Bernardo Ferrero

[Editor’s note: The Mises Institue does not endorse any particular candidate, political strategy, political coalition, or political party. This article reflects the views of the author and should not...

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member