Contra Bernanke on the gold standard
In his lecture at George Washington University on March 20, 2012, Federal Reserve chairman Ben Bernanke said that under a gold standard the authorities’…
Dr Frank Shostak is a leading Austrian economist and director of Applied Austrian School Economics Ltd, which aims to assess the direction of various markets using the Austrian School methodology. AASE aims to make Austrian economics accessible to businessmen.
In his lecture at George Washington University on March 20, 2012, Federal Reserve chairman Ben Bernanke said that under a gold standard the authorities’…
In a lecture given at the George Washington University on March 27, 2012 the Chairman of the Fed said that the US central bank’s…
In his Outside the Box E-Letter February 13 2012, respected economic commentator John Mauldin presents an interview with Dr Lacy Hunt, a highly regarded…
A fall in the unemployment rate to 8.3% in January from 8.5% in the month before has prompted many commentators to suggest that the…
Take for instance company X, which has equity of $200. The company borrows $800 and buys an asset worth $1000. In this example we…
According to some commentators on the gold standard, an increase in the supply of gold generates similar distortions that printing money out of “thin…
Most experts are of the view that still-subdued economic activity requires a more aggressive stance from policy makers in order to revive the economy….
Let us take an American individual who earns his money by exchanging something useful for it — he produces consumer goods. He then decides…
A report from America, previously published at Mises.org On Monday, August 8, the S&P 500 stock-price index fell 6.7 percent to close at 1,119.46….
By fulfilling the role of an intermediary, banks are an important factor in the process of real wealth formation. Banks facilitate the flow of…