Tags: money

Why The Theory of Money and Credit Is More Important Than Ever

November 16th, 2014
in Op Ed

Eighty years ago, in the autumn of 1934, Ludwig von Mises's The Theory of Money and Credit first appeared in English. It remains one of the most important books on money and inflation penned in the twentieth century, and even eight decades later, it still offers the clearest more »

Why Do Sovereigns Borrow Bank Money?

September 6th, 2014
in Op Ed

Why do so many people-including the authors of most economics textbooks-believe the U.S. banking system creates the U.S. dollars we earn and spend and pay our taxes with? It's because the U.S. banking system does, in fact, "issue" the great majority of the dollars we use-by making more »

Why a Return to Sound Money is Nearly Impossible

August 25th, 2014
in Op Ed

My interest in the world of politics began in large part on Sunday, August 15, 1971. For decades, I, like all Americans, had lived in a country where it was illegal to own gold. The idea probably seems preposterous today, but there was a time when the government seized all the citizens' gold more »

How the U.S. Changed the Nature of Money

April 8th, 2014
in Op Ed

The Occupy Wall Street movement and most of academia love to wail about the evils of capitalism. Economist Richard Duncan reckons it's a bit late for that. About 100 years too late. more »

The Real Reason the U.S. Dollar Has Value

March 30th, 2014
in Op Ed

I was at a conference when I took out a dollar bill and waved it in front of the audience. I asked, "Why does this piece of paper have value?" It's interesting the range of answers I got. more »

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