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A. Mitchell Innes—a chartalist pioneer—wrote a pamphlet “What Is Money?” (1913) which found a credulous and ideologically sympathetic audience in J. M. Keynes.
Rothbard aimed at something substantially more radical than Mises. Murray wanted a complete free market in money, with no government involvement whatever.
“Gold, which does not yield interest, typically performs well in periods of low interest rates and heightened uncertainty.”
Depending upon the narrative, American Indians were either noble creatures who were victims of a genocide by rapacious European settlers or were bloodthirsty savages....
$50 wasn’t the finish line. It was the starting gun for policy finger-pointing and real-world bottlenecks.
Ever since independence more than 40 years ago, Zimbabwe has been wracked with socialism, inflation, and corrupt political leadership. Yet, there is a way...