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We should rewrite our textbook accounts to include the possibility of credit preceding a common medium of exchange and call it inter-temporal barter.
Business CyclesMonetary Theory
Our monetary system encourages debt and punishes saving. It also benefits those who already have money at the expense of those who do not.
Global EconomyMoney and BanksMonetary TheoryMoney and Banking
Blind Robbery!, a new, easy-to-read book on money is a must-read for anyone who wishes to understand the damage our easy-money system is doing.
Calculation and KnowledgeGold StandardMonetary Theory
This new issue features important contributions to monetary theory and policy, a novel program for re-establishing gold money, and much more.
Money and BanksInterventionismMonetary Theory
Henry Hazlitt describes "the open conspiracy" among politicians to refuse to address the national debt.
Monetary TheoryMoney and Banking
Monetary and financial stabilization policies turned out to be de-stabilizing.
U.S. HistoryMonetary TheoryMoney and Banking
Government could never cement its power over a nation's currency, if the people could repudiate the fiat paper and turn to gold for its money.
From April 6, 1959: As inflation increases, apologists emerge to suggest that, after all, inflation may be a very good thing—or, if an evil, at least a necessary evil.
Money and BanksMonetary TheoryMoney and Banking
Economists err if they believe something is wrong when money is not in constant, active "circulation."
Booms and BustsGlobal EconomyMonetary TheoryMoney and Banking
Ships aren’t cheap to purchase. But when financing is abnormally cheap and expectations of future business are rosy, it stands to reason that shipping companies would put in a raft of orders.