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Thorsten Polleit

Tags Financial MarketsMoney and Banking

Works Published inQuarterly Journal of Austrian EconomicsThe Free MarketSpeeches and PresentationsMises Daily Article

AwardsO.P. Alford III Prize in Political Economy

Dr. Thorsten Polleit, Chief Economist of Degussa and macro-economic advisor to the P&R REAL VALUE fund. He is Honorary Professor at the University of Bayreuth.

All Works

Fiat Money Cannot Last. Or Can It?

Session on Economic Theory I. Recorded March 10, 2011, at the Ludwig von Mises Institute in Auburn, Alabama. [12:32]
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What Can the Law of Diminishing Marginal Utility Teach Us?

History of the Austrian School of EconomicsPraxeology

02/11/2011Mises Daily Articles
This is your one-article guide to understanding a core idea of economics.The law of diminishing marginal utility plays a crucial role in showing that socialism is economically and ethically inferior to capitalism. It also has surprising implications for every area of policy, including money,...
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The Many Euphemisms for Money Creation

Money and BankingMonetary Theory

01/18/2011Mises Daily Articles
Since the outbreak of the so-called international-credit-market crisis, euphemisms have risen to great prominence. This holds true in particular for monetary-policy experts, who are at great pains to disguise what they are doing.
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The Many Names for Money Creation

Money and BanksMoney and Banking

01/03/2011The Free Market
Thanks to the doublespeak of monetary-policy experts, the launch of monetary policy leading to high inflation may not be discernible by the public at large.


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The Faults of Fractional-Reserve Banking

The FedGold StandardMonetary TheoryMoney and Banking

12/23/2010Mises Daily Articles
Fiat money — or, to be more precise, its production — is already a violation of the free-market principle; and fractional-reserve banking amounts to leveraging the economic consequences of fiat money. Austrians favor a money that is freely chosen and operates by market principles.
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