Tag Archive
Copernicus and the Quantity Theory of Money
Copernicus became the first person to set forth clearly the “quantity theory of money,” the theory that prices vary directly with the supply of money in the society. He did so 30 years before Azpilcueta Navarrus. FULL ARTICLE by Murray N. Rothbard Join the discussion and post a comment Related posts: Rothbard on the value of The... »
Copernicus and the Quantity Theory of Money
Copernicus became the first person to set forth clearly the “quantity theory of money,” the theory that prices vary directly with the supply of money in the society. He did so 30 years before Azpilcueta Navarrus. FULL ARTICLE by Murray N. Rothbard Join the discussion and post a comment Related posts: Rothbard on the value of The... »
The Stimulus Scam
Fake booms and their consequent busts are directly linked to financial cycles, which in turn reflect the swings in money creation. Fiat money lies at the heart of this process. FULL ARTICLE by Antony P. Mueller Join the discussion and post a comment Related posts: And Thus It Came to Pass What Would Mises Say? Trouble at the... »
The Austrian Masters’ Wisdom
The Triumph of Politics was published early. I was hip to statist fiscal and regulatory evils, but had only dimly grasped the Austrian masters’ wisdom on money; that is, in printing money backed by nothing, central banks inherently threaten prosperity. FULL ARTICLE by David Stockman ... »
Olympic point stability
Given a fixed amount of money and increasing productivity, the value of money rises relative to the value of other goods (all caveats apply). The consumer sees this valuation change through falling prices at the checkout line. Interestingly, given a fixed amount of points and improving performances in Olympic events, the value of each point... »
