The business cycle is caused by artificial credit expansion by the central bank and commercial banks too—if the reserve requirement … Read the rest
Category: Money
The Desire to Control Money and Why it was Accepted
While there is some resistance to taxation. There is little resistance to counterfeiting. More goods don’t come into existence when … Read the rest
Economic Crisis
Many believe capitalism has failed and believe it must be replaced by statism. Statism has failed miserably and must be … Read the rest
Demonetization of the Dollar
The dollar will no longer be used as a money if deficits are printed over. The purchasing power will continue … Read the rest
The Meaning of Inflation
The primary neurosis of economics is inflation. This is by design. The real culprits don’t want to be identified. … Read the rest
Mises on the Knowledge Problem
The discussion over calculation is very confused. It goes that Mises used property and Hayek used knowledge. While correct, its … Read the rest
The Business Cycle Explanation
The business cycle constantly reappears at attempts to reduce the natural interest rates through policy. This expands credit beyond 100 … Read the rest
Money and the Value of Money
It should be clear, nothing has value in itself, only the naïve would think this. In other words, value is … Read the rest
Subjective Value
Value judgments express preferences of the acting individual. Action is aimed at the substitution of one state of affairs for … Read the rest
Explaining The Fed with a Hammer
Money is a dominant force in the economy. It is a medium of exchange and solves the double coincidence of … Read the rest