โข
“Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynesโs solution for the Great Depressionโheavy government spending to resuscitate the economyโwas also the answer to todayโs global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in…
โข
“We may all be Austrians now. Not since the New Deal has Austrian economics enjoyed the political popularity it does now. Austrian economists are awfully popular with the Republican Party, especially its Tea Party wing. Peter Schiff, the Austrian economics-inflected investment advisor, is a very popular guest on business television. Tom Woods’ book โMeltdownโโwhich provided…
โข
Peter Boettke over on Coordination Problem posted an excellent video of Larry White discussing the Austrian theory of the business cycle. Enjoy!
โข
“For some of the reasons that have been supported here by Steve and George, a WSJ editoral argues that Milton Friedman’s monetary policy analysis could be used to defend QE2 in our current economic context. I remain unpersuaded that any of these arguments for QE have the upper-hand either analytically or political economy wise. Part…
โข
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to decrease the fundamental maladjustments. More than that: while the advantages of…
โข
In The Constitution of Liberty, F.A. Hayek advised: “All those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy”. Sound Money will have a special panel during Atlas’s upcoming Liberty Forum on Wednesday, November 10, at 9:00am. The Sound Money session will feature talks by: Judy Shelton…
โข
“Money is non-neutral, and the capital structure in an economy consists of combination of heterogeneous capital goods that multiple-specific uses. Once these propositions are included in the analysis, along with other messy aspects of the real world, our understanding of market theory and the price system shifts drastically. Nothing can be treated as given. Everything…
โข
Sound Money at Atlas is happy to announce that Peter Lewin*, will be giving three lectures on “The Austrian Capital Theory and the Business Cycle” at the University of Texas at Dallas.ย ย The dates of the lectures are as follows: ย October 12th, 2:30 p.m. UTD School of Management SOM 2.112 October 14th, 11:30…
โข
“No monetary system, including gold, is perfect. But the evidence is that the gold standard is a recipe for lower-than-predicted federal interest rates (quelling the coming fiscal crisis); lower corporate bond rates (jobs); and lower mortgage rates (relief to millions of upside down homeowners). The gold standard sounds picturesque. In reality it is a technical,…
โข
“Nobel Prize-winner Milton Friedman — dubbed ‘the Oliver Stone of economists’ by the Chicago Tribune — makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune from monetary economics. In Money Mischief, Friedman discusses the creation of…
โข
“Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynesโs solution for the Great Depressionโheavy government spending to resuscitate the economyโwas also the answer to todayโs global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in…
โข
“We may all be Austrians now. Not since the New Deal has Austrian economics enjoyed the political popularity it does now. Austrian economists are awfully popular with the Republican Party, especially its Tea Party wing. Peter Schiff, the Austrian economics-inflected investment advisor, is a very popular guest on business television. Tom Woods’ book โMeltdownโโwhich provided…
โข
Peter Boettke over on Coordination Problem posted an excellent video of Larry White discussing the Austrian theory of the business cycle. Enjoy!
โข
“For some of the reasons that have been supported here by Steve and George, a WSJ editoral argues that Milton Friedman’s monetary policy analysis could be used to defend QE2 in our current economic context. I remain unpersuaded that any of these arguments for QE have the upper-hand either analytically or political economy wise. Part…
โข
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to decrease the fundamental maladjustments. More than that: while the advantages of…
โข
In The Constitution of Liberty, F.A. Hayek advised: “All those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy”. Sound Money will have a special panel during Atlas’s upcoming Liberty Forum on Wednesday, November 10, at 9:00am. The Sound Money session will feature talks by: Judy Shelton…
โข
“Money is non-neutral, and the capital structure in an economy consists of combination of heterogeneous capital goods that multiple-specific uses. Once these propositions are included in the analysis, along with other messy aspects of the real world, our understanding of market theory and the price system shifts drastically. Nothing can be treated as given. Everything…
โข
Sound Money at Atlas is happy to announce that Peter Lewin*, will be giving three lectures on “The Austrian Capital Theory and the Business Cycle” at the University of Texas at Dallas.ย ย The dates of the lectures are as follows: ย October 12th, 2:30 p.m. UTD School of Management SOM 2.112 October 14th, 11:30…
โข
“No monetary system, including gold, is perfect. But the evidence is that the gold standard is a recipe for lower-than-predicted federal interest rates (quelling the coming fiscal crisis); lower corporate bond rates (jobs); and lower mortgage rates (relief to millions of upside down homeowners). The gold standard sounds picturesque. In reality it is a technical,…
โข
“Nobel Prize-winner Milton Friedman — dubbed ‘the Oliver Stone of economists’ by the Chicago Tribune — makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune from monetary economics. In Money Mischief, Friedman discusses the creation of…
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