Mia over at PragmaticMom.com has posted a great analysis of basic monetary economics over at her blog. I encourage you all to read it. Here’s an excerpt:
This is the key question of why the United States (and therefore Rosie) can’t just print endless amounts of money. This questions shifts from a question of Government…
Tag Archives | money
The Dark Side of Monetary Inflation
A gold standard will not limit economic growth
Last week, Dr. Jeffrey Herbener (a professor of mine at Grove City College) testified before Congress on the issue of the Federal Reserve and sound money. Among many things, here is one particular statement he made in his written testimony that often proves quite contentious:
“The primary step in monetary reform, then, is to turn…
Money, Exchange, and Robinson Crusoe
Money can be defined as the general medium of exchange, or the most widely traded good. However, it is neither a consumer nor a producer good.
Suppose Robinson Crusoe, Friday, and Jackson are all on their island. Crusoe wants a rabbit from Friday’s collection, but he knows that Friday will not accept the fedora that…
The Origin of Money
A few weeks ago a blogger at CNBC discussed the relative merits of Austrian monetary theory in comparison to modern monetary theory (MMT). The issue at stake is the origins of money: Austrians highlight the fact money comes into existence as the medium of exchange, while MMT points to governments requiring people to pay taxes…
-
Reality TV Inventor Loses Big to ‘Buy American’ Fallacy
-
Unlearning Economics
-
MIT Economist, Former IMF Chief Engages Ron Paul on Banking and Makes an Interventionist Mistake
-
The Monopoly Bogeyman
-
How My Naïve Perception of the Economics Profession Eventually Changed
-
Tenets of Economic Faith
-
Economics as Religion: The Paradox of Self-Interest
-
Waging War on Work
-
The Dark Side of Monetary Inflation
-
In Praise of Speculators
-
Chris A: With due respect Nicholas, I think is has zero int...
-
Nicholas Freiling: Chris, What effect do you think economic inter-...
-
-
-
David: Doesn't the Fed increase the money supply by purc...
Twitter
Follow @HansEcon on Twitter