All Posts Tagged With: "money"

Book Reviews – July 2003

Diversity: The Invention of a Concept by Peter Wood Encounter Books • 2003 • 308 pages • $24.95 Reviewed by George C. Leef Anthropologists study the origins and development of human customs and beliefs. Often that takes them to places like New Guinea, but anthropologist Peter Wood did not need immunizations or a passport to write this remarkable book. It examines [...]

1Jul2003 | | 0 comments | Continued

The Four Sources of Happiness: Is Money One of Them?

“I’m tired of Love: I’m still more tired of Rhyme. But Money gives me pleasure all the time.” -Hilaire Belloc I came across a very interesting book the other day called Happiness and Economics: How the Economy and Institutions Affect Human Well-Being by Bruno S. Frey and Alois Stutzer. It’s a technical book, with lots [...]

1Aug2002 | | 2 comments | Continued

The End of Money and the Struggle for Financial Privacy

The first sentence of this provocative book reads: “Money—as we know it—is coming to an end.” Money “as we know it” consists of cash (notes and coins) issued by government and checkable deposits issued by regulated banks. Paying with cash preserves your privacy, but is inconvenient for many transactions. Paying by check or debit card [...]

1Oct2000 | | 0 comments | Continued

Austrian Inflation, Austrian Money, and Federal Reserve Policy

Richard Timberlake is a retired professor of economics and author of Monetary Policy in the United States: An Intellectual and Institutional History (University of Chicago Press). Joseph Salerno’s essay in The Freeman: Ideas on Liberty, October 1999, extensively criticized the series of three articles I had published in previous issues of the magazine.[1] I find [...]

1Sep2000 | | 0 comments | Continued

Inflation and Money: A Reply to Timberlake

Joseph Salerno is a professor of economics in the Lubin School of Business at the Pace University. In his reply to my October 1999 Freeman: Ideas on Liberty article, Richard Timberlake fails to address or misconstrues most of the substantive issues I raised in my comment on his earlier three articles. Space constraints, however, permit [...]

1Sep2000 | | 0 comments | Continued

Market Money and Free Banking

“If we want to have money, it must be something that cannot be increased with a profit by anybody, whether government or a citizen. The worst failures of money, the worst things done to money were not done by criminals but by governments, which very often ought to be considered, by and large, as ignoramuses [...]

1Oct1999 | | 3 comments | Continued

Socialized Medicine: One Size Fits None

Karen Selick is an attorney in Ontario and a columnist for Canadian Lawyer. Copyright © 1999 by Karen Selick. Ontario, Canada—Andrew Sawatzky, an elderly Manitoba man whose wife went to court to fight the “Do Not Resuscitate” order placed on his hospital chart, is probably part of a fairly small minority. His wife says he [...]

1Aug1999 | | 0 comments | Continued

Noah Smithwick: Pioneer Texan and Monetary Critic

The lively and colorful memoirs of Noah Smithwick, nonagenarian, ex-North Carolinian, early Texas pioneer, and eventual Californian, take us back to a time when Americans could grasp essential truths about the nature of money. His book, The Evolution of a State or Recollections of Old Texas Days, reflects the original value system of the mobile and ambitious Americans of the early nineteenth century.

1Jul1999 | | 0 comments | Continued

Money and the Nation State: The Financial Revolution, Government and the World Monetary System

Bert Ely is a financial institutions and monetary policy consultant in Alexandria, Virginia. This is a book on a vital—and much misunderstood—topic. It is sometimes excellent, but largely disappointing. The book consists of 13 chapters divided into three sections: The History of the Modern International Monetary System, Modern Money and Central Banking, and Foundations for [...]

1Jun1999 | | 1 comment | Continued

Money in the 1920s and 1930s

Richard Timberlake is a professor of economics retired from the University of Georgia, and author of Monetary Policy in the United States, An Intellectual and Institutional History (University of Chicago Press, 1993). This article is the first in a series. One of the most enduring and troublesome mysteries in economics is money: how it is [...]

1Apr1999 | | 3 comments | Continued

Economics in One Page

Dr. Skousen is an economist at Rollins College, Department of Economics, Winter Park, Florida 32789, and editor of Forecasts & Strategies, one of the largest investment newsletters in the country. The third edition of his book Economics of a Pure Gold Standard has recently been published by FEE. What makes it [economics] most fascinating is [...]

1Jan1997 | | 5 comments | Continued

Liberty and Privacy: Connections

Joseph S. Fulda, a contributing editor of The Freeman, has been published frequently in scientific journals, philosophical journals, mathematics journals, law reviews, and journals of opinion. If property is liberty’s other half, privacy is its guardian. The right to privacy is essential to the preservation of freedom for the simplest of reasons. If no one [...]

1Dec1996 | | 1 comment | Continued

Economics of a Pure Gold Standard

Early in his marriage, Ludwig von Mises told his wife that despite writing prolifically about money he was never likely to earn a great deal of it. Mark Skousen makes the case in Austrian Economics for Investors (subtitled Ludwig von Mises Goes to Wall Street) that the ideas of Mises and his confreres do indeed [...]

1Dec1996 | | 0 comments | Continued

The Lustre of Gold

Former Congressman Ron Paul was a co-founder and member of the U.S. Gold Commission, where he brought about the restored minting of American gold coins. Dr. Paul is also author of Gold, Peace, and Prosperity and co-author of The Case for Gold. The lustre of gold indeed! Unearth an ancient Roman coin, and it gleams [...]

1Jan1996 | | 0 comments | Continued

Taking Money Back: Part I

Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the “free-market economy”; these exchanges imply a division of labor in society, in which producers of eggs, nails, horses, lumber, and immaterial services such as teaching, medical care, and concerts, [...]

1Sep1995 | | 3 comments | Continued

What Free Trade Really Means

Dr. Herbener is Associate Professor of Economics at Washington and Jefferson College and a Senior Fellow of the Ludwig von Mises Institute. Governments were threatening trade wars with retaliatory tariffs and quotas, belligerents suffered currency devaluations and balance of payments deficits, and everyone threatened legal action. The United States and Japan in 1995? No, this [...]

1Sep1995 | | 8 comments | Continued

Spending Money Freely

In the last year, I have begun to buy things without using coins, paper money, a credit card, or a checkbook. You may begin to do likewise next year, or you may have begun a few years ago, though neither of us could have done it ten years back. I’ve actually learned two new ways [...]

1May1995 | | 0 comments | Continued
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