Money supply and velocity
byMainstream view of what velocity is According to popular thinking the idea of velocity is straightforward. It is held that over any interval of…
Ludwig von Mises
An Austrian take on inflation
byWe know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase…
Richard Ebeling, “Introductions to the Selected Works of Ludwig von Mises (2000-12)” Part 2
by[Editor’s Note: this lengthy piece, by Richard Ebeling, primarily based on the “lost papers” of Ludwig von Mises that he and his wife, Anna, discovered…
Richard Ebeling, “Introductions to the Selected Works of Ludwig von Mises (2000-12)” Part 1
by[Editor’s Note: this lengthy piece, by Richard Ebeling, primarily based on the “lost papers” of Ludwig von Mises that he and his wife, Anna, discovered…
The Selfish Gene and human cooperation
byIt took me until my 43rd year to read The Selfish Gene, written in 1976 by Richard Dawkins. In many respects, it is a testament…
The four words that define western economic policy
by“The goods and services traded on the semi-secretive website Silk Road since February 2011 with the virtual currency Bitcoins were so varied that the…
Mises’ monetary theory compared to other theories
byLots of people talk about “The” Quantity Theory of Money and “The” Equation-of-Exchange. The terms have a familiar feel to them, they’re part of…
Come back to gold
byThis excerpt from Omnipotent Government by Ludwig von Mises was recently featured at Mises.org. The gold standard was an international standard. It safeguarded the…
Could Bitcoin be the money of the future?
byThe crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may…
The bankruptcy of governments
byThe following is a transcript of the “Adam Smith Lecture” I gave at a private gathering in London on 19 February. For a long…