Commodity, Fiat, and Credit Money

This week, Bob walks through two related debates: Hoppe’s criticism of Argentina's President Milei for not immediately closing Argentina’s central bank, and the follow-up exchange between Guido Hülsmann and Philipp Bagus on Mises.org over dollarization and the peso. Along the way, he reviews Mises’s distinctions among commodity, credit, and fiat money, the concepts of money substitutes and fiduciary media, and the interesting structure of Argentina’s short-term central bank debt

• Guido Hülsmann and Philipp Bagus' Debate on Mises.org: Mises.org/HAP529a
• The Human Action Podcast Episode with Nicolás Cachanosky: Mises.org/HAP529b
• Bob's Study Guide to The Theory of Money and Credit: Mises.org/HAP529c

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree