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The Right Way to Gold
Mises Daily
Author: Steve Piraino
Online Publish Date:
Category: Gold Standard, Political Theory, Money and Banks
The advantages of a gold standard are familiar to supporters of the free market. Gold possesses all of the attributes of an ideal medium of exchange. It is durable, portable, malleable, valuable, and fungible, which is why the market chose it as the dominant money before the age of paper money. Most importantly, gold is brought into circulation
Bush, Krugman, and the Market
Mises Daily
Author: Steve Piraino
Online Publish Date:
Category: Calculation and Knowledge, Monetary Theory, Other Schools of Thought
Fuzzy Math . By Paul Krugman. (W.W. Norton and Company, May 2001, 112 pages) $17.00. You are probably familiar with the recently passed Bush tax bill.  You may also be familiar with Paul Krugman of Princeton University (formerly of M.I.T.), whose “New Keynesian” musings appear regularly on The New York Times editorial page.  Recently, Krugman
In Defense of Outsourcing
Mises Daily
Author: Steve Piraino
Online Publish Date:
Category: Philosophy and Methodology, Value and Exchange, Money and Banks
A year ago, Harvard students occupied a university building to demand that all Harvard employees be paid a wage that reflects the cost of a decent lifestyle in the city of Cambridge, Massachusetts.  The outcome of this six-week charade was a series of committee hearings led by Harvard economist Lawrence Katz.  And these hearings have, in turn,