Of Commerce, Counsel & the Coin

An Austrian Economist

The Author

Marty Taha.

Portrait of Murtaza Taha
By training
Data scientist
By school
Austrian, broadly
By temperament
Skeptic of averages
Ideology
Fix the money, fix the world.

By training, I am a data scientist. By temperament, something nearer to a detective who got suspicious of the wrong spreadsheet. I spent years inside the discipline that teaches one to trust a clean number and to mistrust a confident narrator, building models, weighing evidence, learning to be wrong less often than the day before. At some point the same skepticism wandered, of its own accord, into economics, and from there into the monetary system that quietly underwrites the rest. What I found there was not an honest accounting badly explained. It was a dishonest accounting brilliantly defended.

The Austrian economists, Menger, Mises, Hayek, and Rothbard, supplied what mainstream economics has declined to supply: a coherent account of why prices climb while wages do not, why credit expansions end the way credit expansions have always ended, and why the men who write monetary policy are so reliably elsewhere when its bill arrives. A school of thought built on individual action, marginal judgement, and honest accounting was never going to flatter the institutions that practise none of the three. That, in part, is its credential. One does not expect the umpire to be popular with the side that has been cheating.

This site is where those ideas are put to work rather than admired in a glass case. I write essays on monetary theory, on philosophy, and on the larger question of how civilizations flourish or, more often, go quietly bankrupt while assuring themselves they are merely modernizing. I build tools, calculators, dashboards, interactive applications, that drag economic argument out of the abstract and into instruments any honest reader can pick up. I write because no civilization has long survived the corruption of its weights, and because someone, somewhere, must still take the trouble to hold the scale steady.

Elsewhere