Monetary activism must end in a slump
byOn Friday, I spoke against monetary activism once again, complaining about the use of expectation management and new monetary instruments in an attempt to…
Ludwig von Mises
America: A threat to liberty?
by Detlev Schlichter“Politics, as hopeful men practice it in the world, consists mainly of the delusion that a change in form is a change in substance,”…
Guido Hülsmann on Mises’s invaluable legacy
by Andy DuncanDownload audio file: Guido Hülsmann on Mises’ invaluable legacy (29:45 min) Episode 63: 2012 marks the centennial of the publication of one of the Austrian School of economics’…
All power to the state! – money madness at the IMF
by Detlev SchlichterYou cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
The fallacy of nominal GDP targeting
by Detlev SchlichterIn a truly remarkable piece for the Financial Times yesterday, Wolfgang Münchau took another swipe at the Euro-sceptic and ECB-critical community in Germany, which he accuses…
U.S. Republicans introduce gold standard debate – mainstream media go mental
by Detlev SchlichterI am not holding my breath over the Republicans’ plans for another gold commission to investigate the possibility of returning the USA to a…
Central banks: running out of ideas, road
by Detlev SchlichterOn page two of today’s Wall Street Journal Europe you will find the result of a readers’ poll from last Friday; Question: will the…
In defence of the euro: an Austrian perspective
by Jesús Huerta de SotoWith a Critique of the Errors of the ECB and the Interventionism of Brussels 1. Introduction: The Ideal Monetary System Theorists of the Austrian…
What is Money?
by Robert SadlerThere exists a certain amount of confusion today about what money truly is, how it originated and who should produce it (the government or…
As easy as ABCT
by John PhelanIn economics as with medicine any cure must begin with a sound diagnosis. But if economists were doctors the patient would have died on…