Money: Its Importance, Origins, and Operations
The purchasing power of the dollar varies inversely with the supply of dollars, and directly with the demand. Overall prices are determined by the same supply-and-demand forces we are all familiar with in individual prices. Micro and macro are not mysteriously separate worlds; they are both plain economics and governed by the same laws. FULL ARTICLE by Murray Rothbard
Comments (2)
Texas Conservative
I just received my copy of this book from the Mises store and am about halfway through. It's awesome, just like all of Rothbard's books, and the information has never been more relevant than right now.
Published: October 3, 2008 4:15 PM
cafeLiberty
Thank you for posting these articles in light of the recent events. I'm taking this as a moment to revisit Austrian economic theory and an opportunity to teach others.
Published: October 3, 2008 5:02 PM