Friedrich von Hayek’s Lecture Upon Winning the Nobel Prize in Economics
Given the rampant expansion in central planning we have seen in recent years, it is worth reading this lecture given by Hayek when he…
“The Road to Serfdom”: Exploring F.A. Hayek’s Key Concepts in Economic Freedom
Celebrating its 80th anniversary since initial publication, “The Road to Serfdom” continues to remain relevant in today’s discourse when it comes to economic freedom…
HOMELAND ECONOMICS: IS THIS THE END OF THE AGE OF GLOBALIZATION?
Written by Mohamed Moutii In the aftermath of the Cold War, a global village was emerging, driven by a belief in market power and…
The Fed Has Busted Housing Bubble 2.0
Author: Jon Wolfenbarger As Austrian Business Cycle Theory explains, big-ticket capital expenditures are heaving influenced by interest rates, as we discussed here. Since housing is…
How the Fed Caused America’s Great Depression
[This review of Rothbard America’s Great Depression was originally published by the Foundation for Economic Education.] By Roger Garrison It may not be conventional to review…
The Death of Easy Money Has Been Greatly Exaggerated
Reports on the death of the present cycle of politically motivated monetary easing, in the words of Mark Twain, grossly exaggerated. Contemporary market analyses…
Why Americans Do Not See a Strong Economy
The euphoria with the fourth quarter Gross Domestic Product (GDP) figure makes no sense. The headline champions say that real GDP increased at an annual rate…
Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does
To prevent public debt from soaring in the wake of the global financial crisis in 2009, Germany has enshrined a “debt brake” in its…
Bank Crises and the Interventionist Spiral
Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank fell like dominos in March–April 2023. The United States Treasury, Federal Reserve, and…
With a Soft Landing Looking Likely, the Dollar Falls on the CFR Mini Mac Index
by Benn Steil and Elisabeth Harding The “law of one price” holds that identical goods should trade for the same price in an efficient…