Steve Forbes awards Mark Skousen a Triple Crown in Economics
byChapman Presidential Scholar Awarded Triple Crown in Economics Announced on July 23, 2018 Chapman University (Orange, California): Steve Forbes, chairman and editor-in-chief of…
Austrian School
Why the policy of price stability weakens the process of real wealth formation
byThere is almost complete unanimity among economists that the most important role of the central bank is to attain price level stability. It is…
Can sophisticated technology prevent severe economic slump?
byMost economic commentators are likely to agree that in relation to the period prior to the Great Depression, the present world is many times…
Why gold standard is not conducive of boom-bust cycles?
byAccording to some commentators on the gold standard, an increase in the supply of gold generates similar distortions that money out of “thin…
Does economic growth cause inflation?
byMost experts are of the view that as the economy gains strength the Fed must step in at some stage and introduce a tighter…
The growing pool of real savings permits the illusion that central bank can cause economic growth
byMany commentators are of the view that the US central bank should pursue policies that will prevent the possible decline of the economy…
A Forerunner of the Austrian School in Nineteenth-Century Spain
byby David Chávez Salazar In 1952, the British economist Marjorie Grice-Hutchinson discovered that the Spanish scholastics of the seventeenth century, gathered around the School…
The Role of Shadow Banking in the Business Cycle
byBy Arkadiusz Sieroń 1The process of lending and the uninterrupted flow of credit to the real economy no longer rely only on banks, but…
Should the Fed print money to accommodate demand for money?
byFor most economists and commentators the main role of the Fed is to keep the supply and demand for money in equilibrium. Whenever an…
The Myth that Central Banks Assure Economic Stability
byThe world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one…