Why Austrian Business Cycle Theory Is Better than Keynesianism
byBy Ed Bugos “…boom and bust cycles are caused—not by the mysterious workings of the capitalist system—but by governmental interventions in that system.” — Murray Rothbard…
Did Germany cause the Great Depression?
byBy Sara Moore Dr. Richard E Ebeling’s interesting Cobden Centre article of 29th August 1923 called The Great German and Austrian Inflations revealed that…
Norway, One Of World’s Most Cashless Economies, Just Made It A Lot Easier To Pay With Cash
byAuthored by Nick Corbishley via NakedCapitalism.com, H/T Zero Hedge In a major U-turn in the Global War on Cash, the government and central bank…
No Matter the Form, Easy Money Is Still a Fraud
byBy Jane L. Johnson P.T. Barnum purportedly proclaimed that “There’s a sucker born every minute”, though there is no proof that he actually said it. Whether…
Economics and reality
byBy Dr Frank Shostak Assumptions that some economists are employing in their theories appear to be detached from the real world. For example, in…
Central Banking and the Efficient Market Hypothesis?
byBy James Anderson The Efficient Market Hypothesis (EMH) is often cited by economists, policy makers and intellectuals in their explanations for the causes of…
Mont Pelerin Society 2024 – in India
byIt was a pleasure to give a speech at the Mont Pelerin Society 2024 in New Delhi. It was one of the most fun…
Central Banking, Knowledge and Unintended Consequences
byBy James Anderson American Banker John A. Allison, in a 2012 paper, provided a pertinent anecdote in which he explained that he had asked…
The Vampire Fiat Money System: How It Works and What It Means for Your Wealth
byWho doesn’t know them: the blood-sucking vampires, the eerie undead, immortalized in countless films, and inspired primarily by Bram Stoker’s novel Dracula (1897). Just think of…
Speech by Richard Cobden in Manchester on January 15, 1846
byGiven the anti free trade sentiment at the moment, we thought this would be worth reprinting. “… I have never taken a limited view…