Sound Money Project
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In a Culture of Excess, the Fat Cats will Rule
“Free market economists are not necessarily defenders of business. Crony capitalism has a long history. Mercantilism was a form of crony capitalism, and was the main target of Adam Smith’s critical abilities. And while modern Smithians understand how important a vibrant financial market is to the advancement of generalized prosperity, the crony capitalism of Wall…
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China on a Tightrope
Economic reform requires political reform. China’s leaders must loosen control if they want harmony.
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“Academia’s War Against Free Market Money”
“In a confrontational and much-needed LewRockwell.com article, Prof. William Anderson launched a counter-attack against mainstream academic economists’ refusal to consider seriously the Austrian School’s theory of money. Despite the fact that Ludwig von Mises’ 1912 theory of money explains booms and busts better than rival theories, and despite the fact that Austrian School disciples predicted…
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“Free Market Money – Instead of Political Manipulation”
“Money is the most important commodity in an economic system Indeed, money ‘makes the world go ’round.’ This is because money is the general medium of exchange. We sell our products and services for money, and then use it to buy the products and services of others. Money also permits us to comparison shop. Since…
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“Euro Under Pressure As Greek Bonds Slump”
“The euro is slumping against the dollar Wednesday morning as Greek bond prices tumble and their yields surge higher against their German counterparts. The dollar is split against other major currencies, with little change against the yen, a retreat against the Canadian dollar and a partial rebound against the U.K. pound. As talks between Greece,…
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“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”
“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Committee, led by Governor Mervyn King, voted 9-0 to maintain the program because data in the previous…
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Lawrence H. White – The Clash of Economic Ideas
George Mason University economist Lawrence H. White is writing a book on The Clash of Economic Ideas. Last summer he gave a lecture, published as a video by New Media, in which he briefly presents the outline of the book, before going more in-depth through one of the chapters, analyzing the differing views among economists…
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Mark Skousen – Vienna and Chicago: Friends or Foes?
In this book prolific writer Mark Skousen presents the Austrian and Chicago school of economics, explaining their main views on money, business cycles and competition.
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An Economy of Liars
Free markets depend on truth telling. Prices must reflect the valuations of consumers; interest rates must be reliable guides to entrepreneurs allocating capital across time; and a firm’s accounts must reflect the true value of the business. Rather than truth telling, we are becoming an economy of liars. The cause is straightforward: crony capitalism. Thomas…
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“Fed Kohn Paper: Crisis Early Warning Requires Better Data”
“While, in hindsight, some of the data available to the Federal Reserve and other authorities gave notice of the financial crisis, more data and a different approach to analyzing them are needed if a reliable ‘early warning system’ for future crises is to be developed, according to research by Federal Reserve Vice Chairman Donald Kohn…
-
In a Culture of Excess, the Fat Cats will Rule
“Free market economists are not necessarily defenders of business. Crony capitalism has a long history. Mercantilism was a form of crony capitalism, and was the main target of Adam Smith’s critical abilities. And while modern Smithians understand how important a vibrant financial market is to the advancement of generalized prosperity, the crony capitalism of Wall…
-
China on a Tightrope
Economic reform requires political reform. China’s leaders must loosen control if they want harmony.
-
“Academia’s War Against Free Market Money”
“In a confrontational and much-needed LewRockwell.com article, Prof. William Anderson launched a counter-attack against mainstream academic economists’ refusal to consider seriously the Austrian School’s theory of money. Despite the fact that Ludwig von Mises’ 1912 theory of money explains booms and busts better than rival theories, and despite the fact that Austrian School disciples predicted…
-
“Free Market Money – Instead of Political Manipulation”
“Money is the most important commodity in an economic system Indeed, money ‘makes the world go ’round.’ This is because money is the general medium of exchange. We sell our products and services for money, and then use it to buy the products and services of others. Money also permits us to comparison shop. Since…
-
“Euro Under Pressure As Greek Bonds Slump”
“The euro is slumping against the dollar Wednesday morning as Greek bond prices tumble and their yields surge higher against their German counterparts. The dollar is split against other major currencies, with little change against the yen, a retreat against the Canadian dollar and a partial rebound against the U.K. pound. As talks between Greece,…
-
“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”
“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Committee, led by Governor Mervyn King, voted 9-0 to maintain the program because data in the previous…
-
Lawrence H. White – The Clash of Economic Ideas
George Mason University economist Lawrence H. White is writing a book on The Clash of Economic Ideas. Last summer he gave a lecture, published as a video by New Media, in which he briefly presents the outline of the book, before going more in-depth through one of the chapters, analyzing the differing views among economists…
-
Mark Skousen – Vienna and Chicago: Friends or Foes?
In this book prolific writer Mark Skousen presents the Austrian and Chicago school of economics, explaining their main views on money, business cycles and competition.
-
An Economy of Liars
Free markets depend on truth telling. Prices must reflect the valuations of consumers; interest rates must be reliable guides to entrepreneurs allocating capital across time; and a firm’s accounts must reflect the true value of the business. Rather than truth telling, we are becoming an economy of liars. The cause is straightforward: crony capitalism. Thomas…
-
“Fed Kohn Paper: Crisis Early Warning Requires Better Data”
“While, in hindsight, some of the data available to the Federal Reserve and other authorities gave notice of the financial crisis, more data and a different approach to analyzing them are needed if a reliable ‘early warning system’ for future crises is to be developed, according to research by Federal Reserve Vice Chairman Donald Kohn…
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