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11/22/08
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July 24, 2006 What would the world economy and financial markets look like had government controlled central banks not followed a course of relentless increases in credit and fiat money supply? Any attempted answer to this question is sure to trigger a heated debate. In any case, however, answers would clearly depend on the alternative monetary systems that had been available at the time such decisions were taken. Before the "Great Inflation", seen between the late 1960s until the early 1980s, began to destroy monetary values in many industrial countries, Ludwig von Mises, one of the twentieth century's most important libertarian thinkers, put forward a monetary regime that is diametrically opposed to what has become the standard monetary system used today. (Read the rest here. Click the "back button" to return to The Price of Liberty.)
Other articles at the von Mises Institute (There are thousands of them, all free.) Defense
Services on the Free Market Making
Economic Sense The
Trouble with NASA
Ludwig
von Mises Institute The
Free Market, published by the Mises Institute The
Independent Institute Foundation
for Economic Education (FEE) Ayn
Rand Institute Institute
for Humane Studies National
Center for Policy Analysis Reason
Foundation Acton
Institute Future
of Freedom Foundation |
Archives The
Ethics of Liberty Classical Liberal Roots of the Marxist Doctrine of Classes Click
the "back button" to return to The Price of Liberty.)
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