Latest
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Florin Aftalion – The French Revolution: An Economic Interpretation
In this monograph, French economist Florin Aftalion sets out to rectify a great omission in most historical accounts of the French Revolution, namely to look at how economic, and especially monetary forces helped shape the dynamics of the revolution. Book description: “The economic history of revolutionary France is still a neglected area in studies of…
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The Swinging Pendulum
On Monday, April 5, the Future of Freedom Foundation and the George Mason University Econ Society hosted a lecture1 by Dr. Richard Ebeling, professor of economics at Northwood University and former president of the Foundation for Economic Education. Dr. Ebeling is an excellent speaker, eloquent and motivated, and this lecture did not disappoint. According to…
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John Munro – The Monetary Origins of the ‘Price Revolution’
In this paper, John Munro of the Department of Economics, University of Toronto revisits the historical debate on the origins of the price revolution of the 16th century. Though some historians and economists have claimed that this event was caused by population growth, Munro clearly demonstrates that the origins were monetary and not demographic. He…
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We Are Not All Keynesians Now
The financial crisis and global recession has brought traditional Keynesian policies back to the fore. However, not all economists are Keynesians now.
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Hyperinflation
“Inflation is a sustained increase in the aggregate price level. Hyperinflation is very high inflation. Although the threshold is arbitrary, economists generally reserve the term ‘hyperinflation’ to describe episodes when the monthly inflation rate is greater than 50 percent. At a monthly rate of 50 percent, an item that cost $1 on January 1 would…
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“Why Default on U.S. Treasuries is Likely”
“Almost everyone is aware that federal government spending in the United States is scheduled to skyrocket, primarily because of Social Security, Medicare, and Medicaid. Recent “stimulus” packages have accelerated the process. Only the naively optimistic actually believe that politicians will fully resolve this looming fiscal crisis with some judicious combination of tax hikes and program…
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“Misrepresenting ‘How We Arrived at This Moment’”
“What must be done to recover from this financial crisis? Barack Obama rightly stresses that we first must understand how today’s problems emerged. It is ‘only by understanding how we arrived at this moment that we’ll be able to lift ourselves out of this predicament.’ Unfortunately, Obama (along with most of the Washington establishment) has…
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“Stop Blaming Capitalism for Government Failures”
“But while capitalism may be a convenient scapegoat, it did not cause any of these problems. Indeed, whatever one wishes to call the unruly mixture of freedom and government controls that made up our economic and political system during the last three decades, one cannot call it capitalism. Take a step back. In the lead…
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“Garrett Demands Further Answers from Geithner”
“Rep. Scott Garrett (R-NJ) is calling on Treasury Secretary Timothy Geithner to clarify the uncertainty surrounding the status of the GSE debt; specifically, whether the corporate debt issued by Fannie and Freddie is considered sovereign debt.” Read more. “Garrett Demands Further Answers from Geithner Regarding GSE Debt” Press Release, March 23, 2010. Via Congressman Scott…
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Dr. Richard Ebeling to talk at GMU!
Our friends at the GMU Economics Society & the Future of Freedom Foundation invite you to the last installment of the Economic Liberty Lecture Series of this year with Dr. Richard Ebeling. Dr. Ebeling will be speaking on “America’s New Road to Serfdom — and the Continuing Relevance of Austrian Economics” Economic Liberty Lecture Series —…
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