Monetary Economics

Erik Voorhees

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6/19/21

Decentralized Cryptocurrency Systems and Hayek’s Unplanned Economy

“Pure free market money is emerging upon the world to compete from a position of zero against a Goliath establishment. If it wins, the debate is settled. With luck, but thankfully without the permission of any planner, we all get to witness Hayek’s ideal of decentralization bear out across financial markets in all of the…
Alexander William Salter

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6/18/21

Reining In the Fed

“We know all too well that when it comes to bureaucratic mission creep, it’s incredibly difficult to put the genie back in the bottle. That’s why we must work to right the Fed’s course starting now. Its roles in fighting recessions and preventing financial panics are too important to be hijacked by partisanship.” ~ Alexander…
Ethan Yang

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6/17/21

A Conversation On Post-Pandemic Economic Recovery

“Dr. Darcy W.E. Allen, a vocal proponent of innovative digital technologies and the economics of blockchain, joins Ethan Yang for another rigorous discussion about his new book ‘Unfreeze: How to Create a High Growth Economy After the Pandemic and more.'” ~ AIER
J.P. Koning

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6/16/21

Hyperbitcoinization: By Choice or by Force?

“It’s hard to avoid the conclusion that bitcoin’s culture is changing. Getting to 100% bitcoin adoption remains a core plank of the bitcoin community. But now all routes to that goal seem open, including the use of government force.” ~ J.P. Koning
Robert E. Wright

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6/16/21

The Horrors of Hyperinflation

“Governments have few universally accepted goals. National defense, protection of property, and stability of the unit of account are arguably the three most important because all else rides on them. Hyperinflation destroys all three, so any serious risk of hyperinflation is simply unacceptable from a policy standpoint.” ~ Robert E. Wright
Peter C. Earle

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6/15/21

El Salvador Is Not the Birthplace of Bitcoin’s Future

“Imposing the use of Bitcoin by force through a software oligopoly–through a scheme which may ultimately pose a threat to the entire El Salvadoran economy–is almost as far from Satoshi’s Bitcoin objectives as the fiat dollar is.” ~ Peter C. Earle
Donald J. Boudreaux

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6/15/21

This Claim of Market Failure Deserves No Credit

“If you who claim to identify a market failure could, but don’t, voluntarily put your own money where your mouth is in an attempt to address that alleged failure, why should anyone listen to your pleas for government to coercively put other people’s money where your mouth is?” ~ Donald J. Boudreaux
Art Carden

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6/13/21

Where Economics and Management Studies Overlap: A Brief Review of Austrian Perspectives on Entrepreneurship, Strategy, and Organization

“Elements is a good refresher for people who haven’t thought about it in a while, and I think it’s also a good jumping-off point for teachers looking to organize lectures and classroom activities. Yes, markets tend toward equilibrium, but this Element points us to the journey, and that’s where all the entrepreneurial action is.” ~…
Thomas L. Hogan

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6/8/21

Problems of Federal Reserve Policy—and How to Solve Them

“To stabilize the economy, informed citizens must study the faults of discretionary central banking and call for reforms to protect against them. ‘Money and the Rule of Law’ accomplishes the first goal. The second is up to us.” ~ Thomas L. Hogan
Thomas L. Hogan

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6/6/21

Is the Fed Paying Banks Not to Lend?

“The evidence shows that banks treated excess reserves as a profitable alternative to loans. High rates of IOER caused them to increase reserve holdings and decrease their loan allocations. The Fed was indeed paying banks not to lend.” ~ Thomas L. Hogan