The Phony Debate on Fiat Money: Rules versus Discretion

Joseph T. Salerno received his Ph.D. in economics from Rutgers University. He is professor emeritus of economics in the Finance and Graduate Economics Department in the Lubin School of Business of Pace University in New York City. He is the editor of the Quarterly Journal of Austrian Economics and the Academic Vice President of the Ludwig von Mises Institute where he held the inaugural Peterson-Luddy Chair in Austrian Economics.  He also holds the John V. Denson II Endowed Professorship in the economics department at Auburn University.