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Posts Tagged: “exchange value“
June 13, 2025
・Guest Commentaries
Why the Money Supply Should Stay Fixed
Much of the current regime is predicated on the notion that ivory tower intellectuals are capable of determining and controlling the “optimal money supply.” In reality, this is preposterous. All the Fed’s tinkering accomplishes is cultural decline, rising prices, and misplaced anger at the private businesses that serve the economy.
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May 5, 2025
・Guest Commentaries
The Cracks in Marx’s Labor Theory of Value
Free-marketers must be constantly vigilant in an age of economic fallacies, chief among them being the labor or cost theory of value. Promoted by Marx and the Classical Economists, this theory fails to explain market prices and the origin of money, and the results of its acceptance are catastrophic.