Irving Fisher s Theory of Interest - Liberty Fund

The behavior of the dollar system is nonlinear and counterintuitive. In my reading, I have rarely encountered understanding of even the mechanics, much less the dynamics that drive it. Most debate is stuck on level zero: money printing as panacea vs. imminent hyperinflation.

This is a tragedy, because the monetary system is in the final stages of self-destruction, though not by runaway rising prices. As one would expect of any terminal patient, the pathologies are numerous and severe. We just need to take off the price-blinders to see them.

This is my theory of how interest and prices are set under our corrupt fiat paper system. I wrote it in six parts, and then wrote one more paper that should also be included in the series. This blog entry serves as the single landing page for all seven papers.

The behavior of the dollar system is nonlinear and counterintuitive. In my reading, I have rarely encountered understanding of even the mechanics, much less the dynamics that drive it. Most debate is stuck on level zero: money printing as panacea vs. imminent hyperinflation.

This is a tragedy, because the monetary system is in the final stages of self-destruction, though not by runaway rising prices. As one would expect of any terminal patient, the pathologies are numerous and severe. We just need to take off the price-blinders to see them.

This is my theory of how interest and prices are set under our corrupt fiat paper system. I wrote it in six parts, and then wrote one more paper that should also be included in the series. This blog entry serves as the single landing page for all seven papers.

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