Bitcoin and Gold: Are They Money?
Ryan McMaken and Economist Per Bylund discuss the nature of money in out paper-money world. Are Bitcoin and gold money? If not, how do they become money?
Central Banks
Should Central Banks Accommodate Increases in Demand for Money?
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.
Why Government Spending Is Driving Up Interest Rates
Economist Jonathan Newman joins Ryan to discuss how deficit spending and runaway debt is causing price inflation and higher interest rates.