Drowning in a Liquidity Trap?
Bruce Bartlett recently lamented that given the current state of economic affairs we need more Keynesian medicine to fix the US economy. According to Bartlett, the core insight of Keynesian economics is that there are very special economic circumstances, called “liquidity traps” in which the general rules of economics don’t apply and are in fact counterproductive.
A Deadlier Disaster for the Third World: Unemployment
While we may denounce the owner for criminal negligence, it is absurd to denounce him for seeking profit.
Martial Law vs. Market Law: Reflections on Boston
If law enforcement were to be governed by contractual principles, no one would need to fear that they were letting bulls into a china shop.
A Virtual Weimar: Hyperinflation in a Video Game World
If historical cases of hyperinflation — real, and virtual — have one thing in common, it is the instinct among its victims to blame the symptoms rather than the disease.
The Circle Bastiat
Mark Thornton: Six Stage of the Libertarian Movement
Speech (transcript) by Murray Rothbard: The Six Stages of the Libertarian Movement.
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Mises Updates: Mises U on Forbes.com
The Mises Institute and Mises Univeristy are mentioned and pictured in this column asking Will Think Tanks Become The Universities of The Future?
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Mark Thornton: New Austrian Journal
The Journal of Prices & Markets, published by the Ludwig von Mises Institute of Canada, is a journal that seeks to improve the understanding of the role of markets in the economy. Submissions should seek to shed light on contemporary issues w
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Mark Thornton: Austrian Banking
Here is a good short article which explains the Austrian approach to banking and how all groups across the political/ideological spectrum can agree.
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