Money and Banking / Thorsten Polleit

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There Will Be Hyper(Inflation)

Booms and BustsThe FedMoney and BanksCapital and Interest TheoryMoney and Banking

The German hyperinflation was the result of a policy that considered the financing of government debt by an accelerating increase in the money stock as the politically least unfavorable method. It seems that the state of opinion hasn't actually changed much. Today, there is great public support...
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Ending the Monetary Fiasco and Returning to Sound Money

Money and BanksMoney and Banking

The 2009 Ludwig von Mises Memorial Lecture, presented by Thorsten Polleit. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 14 March 2009. Includes the presentation of the 2009 Lawrence Fertig Prize, and and introduction by Joseph T. Salerno. Also includes closing...
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The Principle of Sound Money

Gold StandardMonetary TheoryMoney and Banking

07/10/2007Mises Daily Articles
Mises knew why abandoning the principle of sound money would be so problematic: "In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils which inflation and credit expansion have brought about."
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The Make-Believe World of Central Banking

The FedMoney and BanksMoney and Banking

01/06/2006Mises Daily Articles
Thorsten Polleit explains how the Fed and the ECP are trying to create what they cannot: a growing economy with low interest rates, minimal inflation, and no business cycles.
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The Demise of the Interest Rate

Capital and Interest TheoryInterventionismMoney and Banking

06/27/2005Mises Daily Articles
Eugen von Böhm-Bawerk expressed concern that the interest rate might not get rid of its "moral shade"—its moralischer Schatten . Thorsten Polleit chronicles the attempts to drive it to zero.
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Fiat Money and Collective Corruption

Money and BanksMoney and Banking

07/30/2014Quarterly Journal of Austrian Economics
In this article it will be argued that collective corruption - which is the logical result of government interventionism in the field of money production


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