Monetary Policy

Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is defined by its function as a medium of exchange.

The Lane Kiffin saga has dominated sports headlines this past week, highlighting the sea changes that have come over college sports—an especially college football—in the past decade. Much of this change is being driven by the easy money regime of the Federal Reserve.

The Fed’s money printing creates bubbles everywhere. Now even college football is seeing its own easy-money fueled malinvestments.

By making paper money legal tender, the government shut the door on sound money. Repealing legal tender laws is the first step back to liberty.

While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will not end well.

While it wouldn’t solve everything, a gold audit would be a step towards sound money.

Dr. Hülsmann offers his concluding thoughts on his debate with Philipp Bagus regarding the monetary consequences of closing the central bank of Argentina. 

Politicians in both parties are promising to address the affordability crisis. But neither is focusing on, or even discussing, the true causes. Here’s what they are and how to fix them.

Politicians in both parties are promising to address the affordability crisis. But neither is focusing on, or even discussing, the true causes. Here’s what they are and how to fix them.

The “greedflation” commentators are at it again, claiming that corporate profits are driving inflation. That is a logical impossibility.