The Gold Standard Did Not Cause The Great Depression, Part 1
byAEI’s James Pethokoukis and National Review’s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called “the…
Road to nowhere
bySpring 2010: A gradual recovery Autumn 2010: A gradual and uneven recovery Spring 2011: European recovery maintains momentum amid new risks Autumn 2011: A…
Means-ends and consumer choices
byA major problem with the mainstream framework of thinking is that people are presented as if a scale of preferences were hard-wired in their…
Deflation comes knocking at the door
byThere is little doubt that deflationary risks have increased in recent weeks, if only because the dollar has risen sharply against other currencies. Understanding…
Antisemitism and Banking
by[Editor’s Note: this piece, by Ivo Mosley, first appeared at http://defendinghistory.com/antisemitism-banking/69351] A good deal of today’s anti-Semitism rests upon the fantasy that ‘the Jews’…
The Future of Bitcoin
byLater today, I will be speaking at this year’s Cato Annual Monetary Conference in Washington, DC. The theme of this year’s conference is positively…
Into the unknown
by“Sir, Your headline “Fed’s grand experiment draws to a close” (FT.com, October 29) combines ignorance of what quantitative easing is with insouciance as to…
Macro economic data: an instrument for government intervention
byIt is generally held that for an economist to be able to assess the state of the economy he requires macro-economic indicators which will…
China’s gold strategy
byChina first delegated the management of gold policy to the People’s Bank by regulations in 1983. This development was central to China’s emergence as…
The ECB should be bolder
byAs inflation rates continue to fall across the Eurozone one might expect Austrian economists to rejoice. After all, inflation reduces our purchasing power and…