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Tag: Paper Money

Mainstream vs. Austrian Economics

QUESTION: Mr. Armstrong, I believe the difference between the Austrian school of economics and mainstream economics is that mainstream economists believe...

Austerity vs. Hyperinflation: Which Is the Precursor to Revolution?

QUESTION: Mr, Armstrong; I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. It seems...

Why Money Need Not Be “Tangible”

COMMENT:  You said: “The wealth of a nation is the total productivity of its people. If I have gold and want you to fix my house, I give you the gold for...

Taxes: Eliminating a Barbarous Relic from the Past

  The FT ran a commentary entitled, “The case for retiring another ‘barbarous relic'” on paper money. Money has historically never been a...