Money supply and velocity
byMainstream view of what velocity is According to popular thinking the idea of velocity is straightforward. It is held that over any interval of…
Austrian School
How Could the Fed Protect Us from Economic Waves?
byMainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally…
Seth Lipsky’s The Floating Kilogram, “The Federalist Papers For A Gold Standard”
byA recent article in The Week by progressive columnist Jeff Spross, How modern capitalism killed self-reliance, observed that “The gold standard is a niche…
Falling Yield, Rising Asset
byOur monetary system is failing, but explaining that isn’t easy. The most popular argument is that the dollar has falling purchasing power and rising…
Eugen von Böhm-Bawerk: Leading Austrian Economist and Finance Minister of Fiscal Restraint
byWe live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when…
Interview with Dr William White, former Head of the Monetary and Economic Department at the BIS Part 1
byWilliam White is currently Chairman of the Economic and Development Review Committee of the OECD which provides policy recommendations to governments of member and…
Americans See Big Corruption In Big Business
by[Editor’s Note: this piece first appeared at Epic Times http://www.epictimes.com/richardebeling/2015/03/business-ethics-and-moral-market-conduct/] A recently released report on the degree of confidence that Americans have in the…
Does Walmart Prove Minimum Wage Laws Will Help Workers?
by[Editor’s Note: this piece was first published by Mises Canada here http://mises.ca/posts/blog/does-walmart-prove-minimum-wage-laws-will-help-workers/] In a recent column Paul Krugman has one of the most curious arguments…
CONSUMERS’ SOVEREIGNTY AND NATURAL VS. CONTRIVED SCARCITIES
byOne of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers…
Rand Paul Draws Liberal Fire As The Left Discovers Its Inner Love Of The Fed, Part One
byThe New Republic, in its February 8th issue, carries an article by Danny Vinik entitled Rand Paul Has the Most Dangerous Economic Views of…