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Patrick Barron, Going Postal
Authoritarianism

Denying Reality Leads to Tyranny and Societal Failure

10th May 2021 Patrick Barron 1724 Comments

The common thread that connects failed societies, from Weimar Germany to the Soviet Union, is an almost pathological insistence on denying reality. Weimar Germany denied that masses of printed money would destroy civilized society. The [more…]

Economics

What is Money?

3rd May 2021 Going Postal 2010 Comments

Introduction Everybody knows how to use money, but very few people understand what it really is, or how it works. You might think people who work in finance and banking understand money, but I’ve not [more…]

Authoritarianism

Poor Understanding of Monetary Theory Leads to Disastrous Government Policies

19th August 2020 Patrick Barron 3711 Comments

Austrian School economists know that unsound money has been at the heart of disastrous government policies since time immemorial. The greater the ignorance of money the greater the monetary debasement in order to fund government’s [more…]

Authoritarianism

Modern Monetary Theory is an old Marxist Idea

9th March 2020 Going Postal 3793 Comments

There is nothing new under the sun Modern Monetary Theory, or “MMT”, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The [more…]

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