Phases of the crisis – are we approaching the endgame?
byPhase 1: Greenspan, the arch money crank The Greenspan “put”, and the collective adoption by most central bankers of low interest rates after the…
Economics
Buffett’s $5 billion ‘vote of confidence’ in Bank of America
byWarren Buffett is the most successful investor on the planet and a very smart fellow. His core team also gave me a job in…
The fight of the century redux: Murphy vs. Smith
byExciting news from Mises.org: The great debate between Keynesians and Austrians enters the digital age with the Mises Academy’s first ever online formal debate,…
The Jewish Chronicle publishes an article on MA
byVia Honesty is best policy | The Jewish Chronicle, I set out MA, the Austrian measure of the money supply developed by Dr Anthony J…
Science fiction got there before Krugman
byRecently, Paul Krugman claimed that the threat of an invasion by space aliens could bring the US economy out of recession in eighteen months….
Prices and the demand for money
byBanking theory remains one of the most heatedly debated areas of economics within Austrian circles, with two camps sitting opposite each other: full reservists…
The demise of central planning
byAs a young man, Prof Ebeling witnessed first hand the demise of the Soviet system. The article below is a truly remarkable eye witness…
Uses and abuses of monetary orders
byThe advent of a European Union with a single currency was hailed by Nobel laureate Robert A. Mundell as a great step forward, because…
Hayek vs Keynes debate rebroadcast
byBack in the ’30s, at the time of the original Keynes-Hayek debate, Hayek had a solid methodological system that could explain the causes of…
Jack Farchy in the FT on $5000 gold
byFT – Bullion bulls talk of $5000 gold Historically, gold and silver were the money of choice, freely chosen by the people as the…