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Economics Essay Political Video Link

MMT’s Barely-Hidden Totalitarian Bias

My latest article published by the Mises Institute is another look at MMT, only this time we’re taking a completely different route.

My article:
https://mises.org/mises-wire/mmts-barely-hidden-totalitarian-bias

Have you ever heard of the infamous German Foreword to Keynes’s General Theory? In it, he basically admits his system is best-suited to one with centralized, totalitarian control of the economy. Without such control, the government can only partially implement Keynes’s recommendations, and utopia remains just out of reach–so long as liberty is permitted.

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Economics Essay

What Makes Good Money? A Misesian Perspective

Why did the market choose gold as an international standard for money? In his classic book The Theory of Money and Credit, Ludwig von Mises developed a beautiful and comprehensive philosophy of what money is and how it comes about, starting from barter and working all the way through the international gold standard. One of the valuable insights from the book is Mises’s concept of what characteristics are vital to the money function. He focused on five aspects in particular, and understanding them is still valuable today, even in a world of pure fiat money.