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Posts Tagged: “Carl Menger“
Menger vs. Chartalism: What Evidence Should Money Theories Require
How does money come about? Did someone invent it, or did it spontaneously emerge as a medium of exchange? The Austrian School of economics gets this question right, and the evidence is on its side. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter […]
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Why Prices Don’t Measure Value
In a perpetually inflationary economy, politicians and policymakers love to spread fallacies related to market prices. Whether they’re blaming business for inflation or downplaying the costs of tariffs, they frequently rely on the false premise that prices are somehow “measurements of value.” The following article was originally published by the Mises Institute. The opinions expressed […]
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