Market Exchange

Without open markets and the ability to make exchanges, an economic system could not prosper and grow. In this section I will examine important aspects of the process of market exchange.

Money & Banking

Money acts as a medium of indirect exchange. Banking represents the process through which most economies conduct most money transactions.

Money Basics

As you have seen from the introduction to exchange, money plays a vital role in the efficient operation of large markets. I will cover some of the basics of money in this section and go into more detail in the category devoted entirely to money.

Perpetual Growth of Money

Numerous arguments exist for the perpetual growth of the money supply. I will address some of the various fallacious ideas about money growth.

Many Myths about Money

A collection of the many myths about money.

Market Intervention

Market intervention consists of the interference with the natural process of exchange. Intervention comes mostly from government. It leads to less efficient allocation of economic resources and the loss of liberty.

Monetary Intervention

Monetary intervention represents one of the more sinister influences on a market economy. Interference in the money supply cause distortions in money prices the laying false information to economic actors.

Economic Crises

Today's crises arise from yesterday's solutions. When examined closely we find that nearly all economic "crises" occur as the result of previous solutions to "problems" in markets.

Schools of Economics

Economists seem to have difficulty agreeing on even basic assumptions about market behavior. They tend to classify their thinking according to various "schools." The study of economics has several schools of thought. This section describes some of those schools as a comparison with the Austrian methodology advocated here.