Volume 12, Number 4 (2009) Much has been written about the quantity of money and its effects on money’s purchasing power. However, changes in the quality of money have been widely neglected. This paper analyzes changes in the quality of money and its influence on the purchasing power of money. Bagus, Philipp. “The Quality of Money.” The
Volume 13, No. 3 (Fall 2010) Recognizing different types of savings allows for a more fruitful analysis of the business cycle. Sustainable investment activities must be financed by an equivalent amount of savings, both in length of availability and quantity. Upward-sloping yield curves are a feature of the unhampered loanable funds market.
I. INTRODUCTION The economics profession has recently neglected the connections between the purchasing power and the quality of money. In order to cover this gap, I will analyze the quality of money and how its changes affect the purchasing power of money. I will argue that changes in the quality of money can be far more important for the value of
I. INTRODUCCIÓN La profesión de la ciencia económica ha descuidado recientemente las conexiones entre el poder adquisitivo y la calidad del dinero. Para cubrir esta brecha, analizaré la calidad del dinero y cómo sus cambios afectan el poder adquisitivo del dinero. Argumentaré que los cambios en la calidad del dinero pueden ser mucho más
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.