The Theory of Money and Credit - Ludwig von Mises's Mastery of Monetary Economics

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Discover Ludwig von Mises’ groundbreaking insights in The Theory of Money and Credit, a cornerstone of Austrian economics published in 1912. In this video, we explore Mises’ analysis of money’s origins, its role in the economy, and its connection to credit, inflation, and economic cycles. Building on Carl Menger’s theories, Mises explains how money emerged from voluntary exchange, emphasizing its value as determined by market demand, not government decree. Delve into Mises’ critique of central banks and inflationary monetary policies, which he argues distort markets, create unsustainable booms, and lead to economic crises—a key concept in Austrian business cycle theory. Learn why Mises advocated for the gold standard to ensure economic stability and limit government interference. This essential work remains a vital resource for understanding the complexities of money, credit, and inflation in modern economies. Check the description for links to the original text and further resources!

00:00 - The Theory of Money and Credit – Ludwig von Mises' Mastery of Monetary Economics
00:08 - Introduction to The Theory of Money and Credit
01:03 - Origins and Nature of Money
02:05 - Money, Credit, and Inflation
03:07 - Role of Central Banks
04:00 - Why The Theory of Money and Credit is Essential Reading.