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Monetary Theory

Economics

A Primer on Understanding Austrian Monetary Theory

5th September 2024 Patrick Barron 2276 Comments

The above title would make one believe that what follows will be very long and very difficult to learn, but it is not. In this short article I will explain the relationship among four metrics: [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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