Archive for Money
A Brief History of the Gold Standard, with a Focus on the U.S.
My latest installment for the Mises Institute book on Understanding Money Mechanics. I actually had to do a bunch of research for this one. I learned a lot–maybe you will too!
Read moreMurphy Twin Spin
==> My latest chapter in Understanding Money Mechanics, this one on Austrian business cycle theory. ==> Ep. 79 of the Lara-Murphy Show, where Carlos and I discuss whether the Fed’s inflation threatens the validity of IBC (the Infinite Banking Concept).
Read moreDo the Econ Textbooks Get Money & Banking Backwards?
The latest installment in my series on Understanding Money Mechanics for the Mises Institute. Once I dove into this one, the solutions seemed pretty obvious. Tell me what you folks think. An excerpt: In chapter 5 we reviewed the textbook analysis of how a central bank buys government debt in “open market operations” to add […]
Read moreMurphy Twin Spin
==> The final installment in my trilogy at IER on “Should We Trust the Climate Models?” ==> The first (which happens to be Chapter 4) chapter released for my book on Money Mechanics for the Mises Institute.
Read moreHayek and the Regression Theorem
Hayek had a controversial plan for privately issued, competing fiat currencies. (I talk about it here.) But uh oh, here’s a giant in Austrian economics who might be throwing cold water on the proposal: It is probably impossible for pieces of paper or other tokens of a material itself of no significant market value to […]
Read moreFiat Money and State Power
In my latest FEE article, I clarify the definition of “fiat money” and I also explain that the State doesn’t have the power to make something money “by fiat.” On social media, people have been pushing back against me, citing (e.g.) legal tender laws. I specifically addressed this in the article, but let me be […]
Read moreLast Call for Acton Institute Lecture
Just a reminder, tomorrow (Tuesday) I’ll be giving a 12pm lecture on “sound money” at the Acton Institute. It’s my first time and the place is really impressive (I toured it today). If you’re in the Grand Rapids area, come check it out. Much better use of your time than voting.
Read more
Recent Comments