What is money? For thousands of years, currency was tied to a commodity, if the commodity itself wasn’t actually exchanged. Today, that relationship has drastically been altered. Money, as a human institution, has evolved from having a real value to only having a perceived value. Hear the effects of that policy shift from Milton Friedman, Robert Hall, and Daniel Gressel in the latest episode of the Free To Choose Media Podcast, Money.
Professor Sam Peltzman, Director of the George J. Stigler Center for the Study of the Economy and the State, University of Chicago’s Booth School...
The Federal Reserve was originally created to bring stability to our financial and monetary system. However, despite multiple failures, it has widely escaped criticism....
Listen to the late Dr. Reinhard Selten, Director of the Laboratory for Experimental Economics and the late Dr. John F. Nash, Jr., Professor of...
