Mises Was Right About Money

“It all went wrong when we left the gold standard,” says Dominic Lawson in the UK’s Independent. From his column: There is, however, a small band of men and women – long insulted as fanatics or even fantasists by the political mainstream – who can now say: “We told you so.” I am not referring to the Communist Party of Great Britain (Marxist-Leninist). No, I’m talking about the followers of the great Austrian economist Ludwig von Mises (1881-1973). in his 1912 work, The Theory of Money and Credit, Mises declared that the corruption and distortion of money by the state … Continue reading Mises Was Right About Money