Monetary Theory

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New Research in Austrian Economics

Booms and BustsThe EntrepreneurThe FedMoney and BanksCapital and Interest TheoryEntrepreneurshipMonetary TheoryMoney and Banking

Blog12/29/2014

Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.

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The October Issue of The Free Market Is Online!

The FedWar and Foreign PolicyMonetary TheoryMoney and Banking

Blog11/17/2014

In case you missed it, be sure and check out the October issue of The Free Market, now online at Mises.org.

October's issue features a short adaptation of Jörg Guido Hülsmann's...

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On Money: Measure for Measure

Gold StandardMonetary TheoryMoney and Banking

Blog11/05/2014

Dr. Marc Miles, a noted monetary economist, has now joined Mr. John Tamny...

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Gold, Switzerland, and Free-Market Money

Monetary TheoryMoney and Banking

Blog11/03/2014

Contrary to what is commonly assumed, Austrian economics and Austrians scholars themselves are not necessarily in favor of gold-based monetary systems. The problem with fiat money is not that it isn’t gold, but that it’s fiat money. In general, Austrians favor free-market money, which may or may...

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Business Week Tries to Resurrect the Corpse of John Maynard Keynes

Monetary Theory

Blog10/31/2014

Just when the current “discussion” on economics by public intellectuals like Paul Krugman hits bottom, Business Week decides to dig the hole even deeper by lionizing...

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Amity Shlaes: Blame the Economists

Monetary Theory

Blog10/30/2014

Reading the news, one could be forgiven for coming to the conclusion that virtually all economists work for the government or the Fed, and that few of them have real (i.e., private sector) jobs. Of course, there are many practitioners of microeconomics who do an enormous amount of good in...

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Leland B. Yeager: Master of the Fluttering Veil

Monetary Theory

Blog10/16/2014

One of the more important monetary theorists of the mid to late 1900s, Leland Yeager, Ludwig von Mises Professor of Economics, Emeritus, at Auburn University, recently turned 90. The Mises Institute last week hosted a reception his honor. ...

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Mercantilism Never Went Away

Money and BanksMonetary TheoryMoney and Banking

Blog08/05/2014

The debate over the Export-Import Bank continues, with the bank's friends in Congress and other high places claiming that the Bank serves an indispensable function in the American economy. Larry Summers, for instance,...

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Robert Blumen on Power Trading Radio

Monetary Theory

Blog03/02/2013

On the show Robert Blumen discusses the science of deflation and the price of gold.

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