While there is some resistance to taxation. There is little resistance to counterfeiting. More goods don’t come into existence when … Read the rest
Category: Money
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