Monetary Theory

Max Keiser should apologize to his Keiser Report viewers for the ridiculous segment he did and for his crazy claims about Menger and Mises.

Deflationists have been wrong since 1933. Here's why.

Better economists recognize fractional-reserve banking as a major source of financial and economic instability.

The Fed's plan will fail: a fall in interest rates cannot cause the economy to grow.

Although largely forgotten today, repudiation of public debt is a solid part of the American tradition.

The rest of Europe now wants the Germans to clap loudly and affirm, "I do believe! I do believe in fairies!"

The euro has ended monetary nationalism and is acting, even if only timidly, as a "proxy" for the gold standard.

Today’s worldwide fiat-money regime has effects that extend beyond what most people would imagine, writes Thorsten Polleit.

High public (external) debts and persisting import surpluses are signs of a weak currency.