Articles related to Rothbard
Alasdair Macleod - Finance and Eco.
The fiat money quantity (FMQ) 
Summary : This paper seeks to establish a measure of currency quantity that helps economists identify and estimate the risk that confidence in fiat currencies might be significantly eroded or even vanish altogether. It is this phenomenon that was referred to in the great European currency inflations of the 1920s as Katastrophenhausse, or a crack-up boom, when ordinary people lose all confidence in a fiat currency, disposing of it as rapidly as possible instead preferring ownership of goods.This is
Tuesday, September 17, 2019
Murray N. Rothbard
The Gold Standard Before the Civil War
The Gold Standard Before the Civil War, video by Murray . Rothbard
Monday, September 9, 2019
Lew Rockwell
  John Maynard Keynes, Immoralist 
John Maynard Keynes was born in 1883 and died in 1946. Henry Hazlitt was born in 1894, eleven years after Keynes, and lived much longer, until 1993. Their lives and loyalties are a study in contrast, and mostly of choices born of internal conviction, in Hazlitt's case, or lack thereof, Keynes's case.
Saturday, September 7, 2019
Lew Rockwell
  The Truth About War and the State 
Not long ago I was thinking about the legacy of Murray N. Rothbard, the brilliant scholar and the creator of the libertarian movement, as well as a dear friend to both Ron and me. Would that movement have come into existence without Murray? I don’t think so. And whatever might have developed in its place would undoubtedly have been less pro-peace, and more willing to reach an accord with the warfare st
Thursday, September 5, 2019
Lew Rockwell
  The Libertarian Paradox 
As libertarians attempt to persuade others of their position, they encounter an interesting paradox. On the one hand, the libertarian message is simple. It involves moral premises and intuitions that in principle are shared by virtually everyone, including children. Do not hurt anyone. Do not steal from anyone. Mind your own business. A child will say, “I had it first.” There is an intuitive sense according to which the first user of a previously unowned good holds moral priority over latecomers
Saturday, August 24, 2019
Antal E. Fekete - Gold University
The Invention Of Discounting

Friday, August 23, 2019
Food for thought
  On the need for aversion to conspiracy theories

Saturday, July 27, 2019
Thorsten Polleit
  The Fiasco of Fiat Money 
I. Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine. Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads tooverindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale.
Thursday, July 11, 2019
Frank Shostak
Is Money Created by Government Decree
According to popular view people accept money because of a government decree.1 A government decree it is argued makes a particular thing accepted as a general medium of exchange. But, does it make sense?Demand for a good arises from its perceived benefit. For instance, people demand food because of the nourishment it offers them. It is different with money people demand it not for direct use in consumption but in order to exchange it for other goods and services.Money is not useful in itself, bu
Thursday, July 4, 2019
Nathan Lewis - New World Economics
Blame Gold
We have been talking about The Midas Paradox (2015), by Scott Sumner. July 23, 2017: The Midas Paradox (2015), by Scott Sumner. As you probably guessed from the three-word title, the book can be summarized in two words, which are: “blame gold.” This, as we have seen, is actually a relatively new notion, even if it enjoys some popularity today. The general consensus, which later (after 1950) became the Keynesian consensus, did not blame gold, or indeed, monetary policy in general, for the Great D
Wednesday, July 3, 2019
Tom DiLorenzo - lewRockwell
  The American Religion of Violence 
Laurence Vance has coined the word “warvangelical” to describe so-called evangelical Christians who are obsessed with supporting all of the state’s wars and all of the death, destruction, and mayhem that they entail.  They ignore the ancient just war tradition of St. Thomas Aquinas, among others, and simply support all war and all military aggression – as long as the U.S. government is the aggressor. These are the people who booed at Ron Paul when he reminded them at one of their conventions tha
Monday, July 1, 2019
Frank Shostak
  Why Wage Growth Is So Weak
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now. Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial producti
Wednesday, June 19, 2019
How did it happen ? - Barbarous Relic
The Virtue of Hoarding 

Friday, June 7, 2019
Frank Shostak
How Much Money should there be  
Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession-or, even worse, depression
Thursday, June 6, 2019
George F. Smith - Barbarous Relic
  Who paid for the Civil War  
When war broke out in 1861, the federal government was without its own money machine, though that would soon change. As expenses from the war mounted, the U.S. government once again issued Treasury Notes to help finance it. The Act of July 17, 1861 authorized Secretary of the Treasury Salmon P. Chase to issue notes at 7.
Wednesday, May 22, 2019
George F. Smith - Barbarous Relic
Who said it, when and where
Over the years I've accumulated a long list of quotes about money and banking extracted from online articles and books I've read.Unlike most other sites that post pithy remarks from famous authors, I include hyperlinks to their sources, so that anyone who wishes can not only verifya quote but, perhaps more importantly, read the context in which it was used.
Monday, May 20, 2019
Charleston Voice
"Royal Charlie": 1837 Song for Hard Times Still Sings True Today, 176 years later 
History Repeating because "...the people are too damn dumb" ~~ Harry Hopkins, FDR's alter ego and architect of the CFR Sound money patriots will be endeared with this one - song of the masses who've discovered they've become serfs under the bankers, corporations and their legislators! This is the ferocious battle waged by Andy Jackson for a gold standard. The banksters of that period were ordered - nationwide - by a NY banker to call in all their loans and raise interest rates on others, cripp
Friday, May 3, 2019
Frank Shostak
The Connection Between Money-Supply Growth and Inflation
In the article “Rapid money supply growth does not cause inflation” written by Richard Vague at the Institute for New Economic Thinking, December 2, 2016, the author argues that empirical evidence shows that increases in money supply has nothing to do with inflation. According to Vague,Monetarist theory, which came to dominate economic thinking in the 1980s and the decades that followed, holds that rapid money supply growth is the cause of inflation. The theory, however, fails an actual test of
Tuesday, April 9, 2019
George F. Smith - Barbarous Relic
  The Virtue of Hoarding 
Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser — a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it, that is, declining to spend it. Hoarding is a strategy for achieving personal goals or for dealing with economic uncertainty.
Sunday, March 31, 2019
Robert Blumen - 24hgold
  The Myth of the Gold Supply Deficit 
Analyses based on annual supply and demand of gold appear on a daily basis, whether posted to gold web sites or in the financial media, many of them by the most respected analysts of gold mining shares. These articles typically show an imbalance between supply and demand, suggesting that there is a gold supply deficit. From there, the conclusion follows that a much higher gold price is required in order to bring supply and demand into balance.
Wednesday, March 27, 2019