Tag Archives: Money

The Great Depression in Britain (1873-1896) : the Myth that Deflation Lowers Economic Growth

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An account of the good deflation in the American economy of 1870s-1890s

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Historical evidence of anti-Gresham’s Law

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The fallacies of “Money as Debt”

Paul Grignon, in his video Money as Debt (see his channel), claimed that the lending of money by commercial banks by definition results in a never-ending increase of private debt. People cannot repay the interest rates charged by the banks, either … Continue reading

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Less than Zero: The Case for a Falling Price Level in a Growing Economy

Less than Zero: The Case for a Falling Price Level in a Growing Economy George Selgin, 1997.

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Reisman’s Defense of a Falling Price Level (Not Deflation) in a Growing Economy

Capitalism: A Treatise on Economics by George Reisman, 1996. CHAPTER 12 MONEY AND SPENDING 3. The Quantity of Money and the Demand for Money […] The demand for money is determined by a variety of factors. One of the most … Continue reading

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The Tragedy of the Euro, by Philipp Bagus

The Tradegy of the Euro, Philipp Bagus (2008), Ludwig von Mises Institute. Chapter 4 Why High Inflation Countries Wanted the Euro Socialized Seigneuriage Some countries, especially France, made gains at the expense of the Germans due to a socialization of … Continue reading

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Good Money: This Book Will Change How You See Competitive Coinage

Selgin, G. A. (2008). Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821. University of Michigan Press. Available at Amazon, Mises Store, and Independent Institute. Foreword, by Charles Goodhart This book details the fascinating … Continue reading

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Understanding the True Nature of Inflation : Legal Tender Laws

Jörg Guido Hülsmann, The Ethics of Money Production Chapter 9 : Legal Monopolies 1. Economic Monopolies Versus Legal Monopolies For example, the legal monopoly might provide that only silver may be used as money, or that only the bank X … Continue reading

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Sraffa and Hayek on Multiple Interest Rates

There is something wrong with anti-austrians’ view on the multiple interest rates. I want to clarify this point. Dr. Hayek on Money and Capital – by Sraffa If money did not exist, and loans were made in terms of all … Continue reading

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