A long-enduring myth about money is that we need a flexible or "elastic" currency for the economy to grow. Economist Jonathan Newman joins us to talk about why this has never been true.

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New letters, from Murray Rothbard to Frank Meyer, have been discovered by researcher Daniel Flynn detailing some of Rothbard's earliest views on Ayn Rand, and what later went wrong.

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As the Federal Reserve signals it doesn't care about price inflation, we're reminded the Fed is mostly motivated to ensure rising asset prices for Wall Street while pushing cheap credit to finance federal deficits.

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