Friedrich von Hayek’s Nobel Prize Banquet speech
byFriedrich August von Hayek’s speech at the Nobel Banquet, December 10, 1974 Your Majesty, Your Royal Highnesses, Ladies and Gentlemen, Now that the Nobel…
OPEC Can’t Make High Oil Prices Go Away
byHigh oil prices are a symptom of economic and monetary imbalances, not just a consequence of Organization of the Petroleum Exporting Countries (OPEC) decisions. Throughout…
The myth that money pumping can help economic growth
byBy Dr Frank Shostak By popular thinking, the role of the central bank is to navigate the economy along the so-called path of economic…
themarket.ch – Interview with Jim Grant
byJim Grant, editor of Grant’s Interest Rate Observer, warns of the rampant speculation in the stock market. He worries that the central banks are…
Will the Next “Skyscraper Curse” Be Found in the Digital World?
byThe vast majority of Mises Wire readers are already familiar with the Austrian business cycle theory. For those who are not, it is an Austrian perspective…
The Divisia monetary indicator and the money supply definition
byBy Dr Frank Shostak By most commentators, since the early 1980s, correlations between various definitions of money and national income have broken down. The…
Price stability and economic instability
byBy Dr Frank Shostak One of the mandates of the Fed is to attain price stability. It is held that price stability is the…
Austrian School Event at Austrian Central Bank in Vienna
byThe event in Vienna two weeks ago went very well; there were lots of interesting lectures with speakers from around the world. We gave…
The futility of central bank policy
byIt is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate. There…
Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever
byThe financial covid crash of 2020 came and went in a month as the US government threw every monetary and fiscal trick it had at…