Economy News

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Established 1999

New England, USA

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    “The Dynamics of Disintervention”

    “Examples of the move from piecemeal to comprehensive intervention are found in the 1930s after the collapse of social democratic policies in Weimar Germany and in the United States after the failed interventions of the Hoover administration. Both events heralded even more radical (and tragic) interventions. What we witnessed in 2008 in the housing and…

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    Cato Capitol Hill Briefing: What Caused the Recession?

    On February 5, 2010, our friends at the Cato Institute will be hosting a Capitol Hill Briefing, “Greed, Irresponsibility, or Policy Mistakes: What Caused the Recession?”. Go here for more information and registration. The deadline to register is Thursday, February 4, 2010.

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    FEE Interview With Peter Boettke and Steven Horwitz

    Mike Van Winkle interviews Professors Peter Boettke and Steven Horwitz, co-authors of the recent FEE monograph “The House That Uncle Sam Built,” about what led to the financial meltdown and the Great Recession of 2008. Go here for more.   FEE Interview With Peter Boettke and Steven Horwitz Mike Van Winkle   First Principles, Episode 17…

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    Interview With George Selgin

    “I use the term to mean laissez-faire banking — banking without any special government regulations or restrictions. Like free trade, it’s an ideal concept. It doesn’t refer to any specific or actual banking system, although some, like Scotland’s in the early 19th century, came close. My own ideal version of free banking would have no…

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    “In What Respects Will the Information Age Make Central Banks Obsolete?”

    “Like a post office, a central bank does useful things. That fact that it does useful things does not make either institution efficient, at least not in its present-day form as a government agency. By “efficient” here I mean “better than the alternative.” Just as private firms can better deliver packages and letters, private institutions…

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    Fed Up

    “Rep. Ron Paul (R-Texas), the libertarian-leaning congressman and failed 2008 GOP presidential candidate, has been suspicious of the Federal Reserve since before first entering Congress in 1976. In a 1981 article that mentioned the then-obscure legislator, United Press International reported that Paul ‘has proposed abolishing the Federal Reserve, repealing laws which make the dollar legal…

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    “Denationalisation of Money”

    “In my despair about the hopelessness of finidng a politically feasible solution to what is technically the simplist possible problem, namely to stop inflation, I threw out in a lecture delivered about a year ago a somewhat startling suggestion, the further pursuit of which has opened quite unexpected new horizons. I could not resist pursuing…

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    The Fed Is Too Powerful To Be Unaccountable

    “Now is the time to examine the proper functions of the Federal Reserve System–especially those of the Board–and make systemic changes. The popularity of US Rep. Ron Paul’s bill to audit the Fed taps into a great pent-up frustration about the unaccountability of the very powerful institution. Independent socialist Bernie Sanders of Vermont is the…

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    Counterfeiting versus Monetary Policy

    “Congress is on a spending binge. With all the calls for bailouts, economic stimulus and other assorted handouts, there is a real risk of inflation in our future. If we do have a rapid inflation, it’s likely that Congress, as they did in the financial meltdown, will blame it on everybody except themselves. Before Congress…

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    Cato Institute’s Monetary Conference 2009

    Our friends at the Cato Institute hosted their 27th Annual Monetary Conference: Restoring Global Financial Stability on November 19th, 2009. Go here to find the list of speakers and listen to their thoughts on the subject.