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I understand the supply side pretty well, but it is the demand side I struggle with. If the supply of money increases, you will get a dollar worth less and thus higher prices, as well as all of the negative effects of inflation (the business cycle, etc). But why would a decrease in the demand for money...
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Or even to ordinally measure if demand for money is increasing or decreasing? Prices are effected both by the supply and demand of money. The supply of money can be measured. But how is one to gauge the demand of money? For if the demand for money rises as the supply of money rises, prices would not...
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This is a question asked in review of Chapter 4: Prices and Consumption in the Man, State, and Economy with Power and Market study guide written by Robert Murphy. I started this topic to ask the question and see if my response was right and also to inquire to see if anyone knew of any place in which...
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http://mhpbooks.com/books/debt/?id=308 Claims money was established by kings/states. Denies that barter was the start of money. So far this book has glowing reviews (mostly from socialists) but does anyone who has read it know how accurate his claims are?
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I really like the idea of abundant non-fiat money explained by Douglas Rushkoff: http://www.youtube.com/watch?v=h3z27ZvB2VU http://www.youtube.com/watch?v=OHMvknT_uk4 Our economy is suffering from scarce money because money is not "worked into existence". But we can also use technology with...
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ABCT holds that business cycles are caused by an increase in the supply of money. I understand the supply part of ABCT pretty well, but I do not understand how demand factors in. For example, wouldn't the decrease in the demand for money also cause business cycles? Why such a decrease not result...
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I saw this on an anti-Ron Paul site today. Some marxist said if America goes back to the gold standard it would either have to buy up all the gold on earth or it would have to find a way to take money out of circulation in order for the amount of money to equal the amount of gold. Is this true?
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I honestly could not believe my eyes when I read his post. I started to challenge him, and the converstation grew even more ridiculous. I have no idea how to respond anymore. I know what I want to say, I just can't say it right. Here is the conversation, with me and a poster who I will called "Keynes...
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In " Return to Honest Money " ( http://fofoa.blogspot.com/2011/05/return-to-honest-money.html ), blogger FOFOA discusses the idea of Freegold in the context of some writings from prominet Austrian School economists, focusing on Mises, Menger, Hayek, and in particular Mises' ideas regression...
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I've been wondering for some time now why people don't currently use gold, silver, platinum, bananas, or whatever as a medium for exchange instead of dollars, euros, yen, etc. Are there laws in place forcing people to trade in dollars? There are plenty of other things available that could be...