The goal of monetary policy is monetary equilibrium. This is true for any monetary arrangement that claims to serve a general interest among the population rather than to simply divert wealth to the ruler and his cronies. Monetary equilibrium is a situation where the supply of money…
BBC Radio 4 is about to air the debate between myself and Jamie Whyte (defending Hayek) and Lord Skidelsky and Duncan Weldon (defending Keynes),so I thought I might supply a little background on it for the sake of anyone who may be interested in how these things…
(A few years ago I was hired to contribute some articles on free banking and related subjects to an online forum called the Free Market News Network. I wrote several before the checks stopped coming, and then insisted that those already published be taken off the site,…