Monetary activism must end in a slump
On Friday, I spoke against monetary activism once again, complaining about the use of expectation management and new monetary instruments in an attempt to…
Read MoreLudwig von Mises
America: A threat to liberty?
“Politics, as hopeful men practice it in the world, consists mainly of the delusion that a change in form is a change in substance,”…
Read MoreGuido Hülsmann on Mises’s invaluable legacy
Download audio file: Guido Hülsmann on Mises’ invaluable legacy (29:45 min) Episode 63: 2012 marks the centennial of the publication of one of the Austrian School of economics’…
Read MoreAll power to the state! – money madness at the IMF
You cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
Read MoreThe fallacy of nominal GDP targeting
In a truly remarkable piece for the Financial Times yesterday, Wolfgang Münchau took another swipe at the Euro-sceptic and ECB-critical community in Germany, which he accuses…
Read MoreU.S. Republicans introduce gold standard debate – mainstream media go mental
I am not holding my breath over the Republicans’ plans for another gold commission to investigate the possibility of returning the USA to a…
Read MoreCentral banks: running out of ideas, road
On page two of today’s Wall Street Journal Europe you will find the result of a readers’ poll from last Friday; Question: will the…
Read MoreIn defence of the euro: an Austrian perspective
With a Critique of the Errors of the ECB and the Interventionism of Brussels 1. Introduction: The Ideal Monetary System Theorists of the Austrian…
Read MoreWhat is Money?
There exists a certain amount of confusion today about what money truly is, how it originated and who should produce it (the government or…
Read MoreAs easy as ABCT
In economics as with medicine any cure must begin with a sound diagnosis. But if economists were doctors the patient would have died on…
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