The primary neurosis of economics is inflation. This is by design. The real culprits don’t want to be identified. … Read the rest
Category: Money
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