Mises.org

  1. In ending the gold standard, Nixon was guided by Milton Friedman, who wrongly believed that the Fed could end recessions and cope with inflation by controlling the quantity of money.
  2. The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German hyperinflation of 1923.
  3. Ryan and Tho are joined by Peter St. Onge, a visiting fellow of the Heritage Foundation, to discuss the state and trajectory of the American economy.