Jonathan Newman joins Bob to discuss the debate between Austrians and MMTers on the origins of money. In the Anti-MMT panel at the Austrian Economics Research Conference (AERC), Jonathan presented his research on the archeological evidence that silver was used as money in ancient Mesopotamia and how the evidence vindicates Menger’s theory on the origins of money. Jonathan and Bob walk through various MMT responses and make the case that the Austrian school is especially suited to critique Modern Monetary Theory.
- The Anti-MMT Panel from the 2025 AERC: Mises.org/HAP494a
- Elon Musk and Ted Cruz Discussing “Magic Money Computers”: Mises.org/HAP494b
- Jonathan’s Overwhelming Evidence that Silver was Money in Ancient Mesopotamia: Mises.org/HAP494c
- The X Thread by Patricia Pino on the Measure of Value of Money: Mises.org/HAP494d
- Bob’s “Origin of the Specie” in The American Conservative: Mises.org/HAP494e
- R.A Radford’s “The Economic Organization of a P.O.W. Camp”: Mises.org/HAP494f
The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Join the Mises Institute on April 26 in Phoenix, Arizona, as we expose the danger and waste of bureaucracy: Mises.org/Phoenix25
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
Originally Posted at https://mises.org/