Can expectations neutralise the side effects of loose monetary policy?
byAccording to the Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a misallocation of resources…
The logically contradictory and “terrifying” deflationary spiral fallacy
byOne of the most persistent and dangerous myths of modern economics, and especially economic policy, is the idea that deflation, defined as a general…
The Poverty of Modern Macroeconomic Theory and Power of Austrian Business Cycle Theory
byReproduced by kind permission of the Quarterly Journal of Austrian Economics ABSTRACT: This paper contrasts mainstream analysis of the recent boom/bust episode and its…
The Good, the Bad, and the Ugly of Portugal’s Bond Auction
byPortugal tested the chilly New Year auction waters on January 5th as it auctioned €500 million of six-month bonds. The good news is that…
Dynamic Duo interview with Jesus Heurta de Soto
byOn October 21, 2008, I conducted a radio interview with professor Jesús Huerta de Soto, Professor of Political Economy at Rey Juan Carlos University…
Wanted: Austro-Monetary Economist for Ron Paul
byLew Rockwell has announced an exciting opportunity in the US: Ron Paul has been named chairman of the Domestic Monetary Policy subcommittee, and will…
Liam Halligan: Why I believe Tim Congdon is on losing side of monetary easing argument
byAs a hardcore Rothbardian myself, I could quibble with one or two of the things that Mr Liam Halligan has written in his latest…
What can Business Learn from Academia: Fish, Hayek, Keynes and Oakeshott
byHaving recently sold my food business, life is moving at a much slower pace, which gives time for thought and reflection before I undertake…
The Myth of Under-provision of Science by the Free Market
byOne of the recurring myths propagated by today’s mainstream economists is that scientific research requires government funding in order to give society the maximum…
Fed’s Hoenig says gold standard “legitimate” system
byI almost spilt my gin and tonic this evening when I read on Reuters that the current Kansas City Federal Reserve President Thomas Hoenig…