Tags: money

Money - A Legal, Not an Economic Thing

May 19th, 2015
in Op Ed

I have recently read a paper by Christine Desan that is titled Money as a legal institution. The author argues that money is a legal thing, that it is defined by laws and that the law is changed in times of crisis. more »

The Tide Goes Out

December 2nd, 2014
in Op Ed

There are numerous morons out in the MSM rejoicing at the falling price of gas at the pump, comparing it to a "stimulus" package which will free up gobs of money for consumers to spend on other stuff. Still more imbeciles claim this is a Price War gimmick by the House of Saud to put more »

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 »

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