9. Inflation and the Business Cycle: The Collapse of the Keynesian Paradigm

Narrated by Jeff Riggenbach [1:13:05]

Money, Banking and the Federal Reserve

Thomas Jefferson and Andrew Jackson understood "The Monster". But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.

Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.

Alan Greenspan is not, we're told, happy about this 42-minute blockbuster. Watch it, and you'll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.

(NTSC format for DVD) or (NTSC format for US VCRs)

The Founding of The Federal Reserve

Recorded in Houston, Texas; October 27, 1984. [1:04:58]

The Founding of The Federal Reserve

Recorded in Houston, Texas; October 27, 1984. [1:04:58]

The Culture of Debt and Despair

The Culture of Debt and Despair Various Artists Economic Downturn: Cause and Cure

The Culture of Debt and Despair

The Culture of Debt and Despair Various Artists Economic Downturn: Cause and Cure

Creating the Next Great Depression

Creating the Next Great Depression Various Artists Economic Downturn: Cause and Cure

Creating the Next Great Depression

Creating the Next Great Depression Various Artists Economic Downturn: Cause and Cure

A Pro-Free-Market Program for Economic Recovery

A Pro-Free-Market Program for Economic Recovery Various Artists Economic Downturn: Cause and Cure

A Pro-Free-Market Program for Economic Recovery

A Pro-Free-Market Program for Economic Recovery Various Artists Economic Downturn: Cause and Cure

The Biggest Lies about Recessions and War

Mark Thornton talks about the Biggest Lies about Recessions and War, at the Prosperity, War & Depression seminar.

Five Best Books on the Current Crisis

Five Best Books on the Current Crisis Various Artists Economic Downturn: Cause and Cure

Five Best Books on the Current Crisis

Five Best Books on the Current Crisis Various Artists Economic Downturn: Cause and Cure

How the Fed is Retarding Recovery

How the Fed is Retarding Recovery Various Artists Economic Downturn: Cause and Cure

How the Fed is Retarding Recovery

How the Fed is Retarding Recovery Various Artists Economic Downturn: Cause and Cure

Bank Failures: Then and Now

Bank Failures: Then and Now Various Artists Depression, Monetary Destruction, and the Path to Sound Money

Skyscrapers and Business Cycles

A lecture presented remotely from the Mises Institute to Dr. Michael Eisenstein's Finance class at Suffolk University in Boston, Massachusetts; 4 March 2010. Includes a Question and Answer period.

Gold, Peace, and Prosperity

Revised Pocket Edition! The second edition of Gold, Peace, and Prosperity is just 4.25" x .4" x 7 " in size. Truly portable and available at volume discounts. The book has been newly type set and all images updated. This is the perfect handout for education of the gold standard.

The book is a quick read that covers the whole history of monetary destruction, providing information that most people have never heard or thought about. In that sense, it is the perfect conversation starter, and it could inspire more reading and activism for sound money.

We produced this beautiful edition for the broadest distribution - an effort to popularize and universalize the cause of sound money.

Author Ron Paul has been the leading champion of sound money in the Congress. He explains why sound money has meant the gold standard. The monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth.

He maps out a plan to bring about a dollar that is as good as gold, one that would be protected against manipulation by government and central bankers. Part of that strategy is the minting of a new gold one but the more far-reaching plan involves a redefinition of the dollar and complete monetary competition. This monograph first appeared in 1981, and it has been in wide distribution ever since. But we've never had an edition this beautiful, this affordable, and this handy.

Second Edition
Foreword by Henry Hazlitt
Preface by Murray Rothbard

The Continuing Housing Bust

Jeffrey Tucker interviews Mises Institute president Douglas E. French. Recorded 20 January 2010.

Modern Monetary Theory: The Austrian Contribution

Joseph Salerno presents Modern Monetary Theory: The Austrian Contribution at the Austrian School of Economics: Revisionist History and Contemporary Theory seminar on June 8th, 2005 at the Mises Institute.

The Great Depression, World War II, and American Prosperity, Part II

Thomas Woods presents "The Great Depression, World War II and American Prosperity, Part II" at The Truth About American History: An Austro-Jeffersonian Perspective seminar on June 22nd, 2005.

The Great Depression, World War II, and American Prosperity, Part I

Thomas Woods presents "The Great Depression, World War II and American Prosperity, Part I" at The Truth About American History: An Austro-Jeffersonian Perspective seminar on June 22nd, 2005.

Banking and the Business Cycle

This rare study by C.A. Phillips, together with T.F. McManus and R.W. Nelson, appeared in 1937 as an Austrian-style analysis of the stock market crash and the great depression that followed.

It explores the many theories tossed about at the time, and concludes that the theory "here developed may be called a 'central banking' explanation of the depression. The depth and duration of the depression are held to be the ineluctable consequences of the preceding boom. That boom could never have lasted as long as it did, nor could it have assumed the proportions it attained, under the old National Banking System. The boom and depression were therefore proximately caused by central bank credit expansion."

We can see, then, why Austrian economists have long held this book in high esteem, though it has been nearly impossible to find for many years. Murray Rothbard himself picked it as among the 20 most significant economics books of the 20th century.

Meltdown

Why the heck is this happening to us? What happened to mortgages, to banks, to large retailers, to retirement savings, to stock prices, to the availability of credit? How could so many errors have coincided?

To the media pundits and government officials, this is a market failing that requires the government to take trillions of dollars from you and run the money presses full time. Otherwise we are doomed.

But there is another way to look at the great market collapse of 2008: the whole thing, including the bubble that preceded it, is the fault of the government and the Fed. All attempts to "fix" the problem are like forcing the patient to swallow more of the poison from which he currently suffers.

Mises.org has been making this argument, and warned of the coming crash years ago. But where can you find the argument explained for the average person in a convenient package, without technical jargon and with logic and facts?

Enter Tom Woods with his blockbuster book Meltdown. It's all here, all the information you need to understand what is happening and what to do about it. It is billed as a free-market response to the crisis but it is more precisely an Austrian School response.

He covers the problem of housing subsidies, of low interest loans, of the absurdities of the boom times, and how it was inevitable that they would come to an end. He puts the fault right where it belongs: with the government and the central bank.

He further blasts the political establishment for taking exactly the wrong path in response. Interest rates should be raised, not lowered. Government spending should be cut, not increased. Tax should be reduced. Regulations should be cut, not expanded. On the current path, the bozos in Washington are going to wreck whatever hope for recovery there is.

The great thing about this volume is that it is rooted in serious ideas. We aren't talking about some quicky investment book by a media talking head. Professor Woods is steeped in the ideas of Mises, Hayek, and Rothbard, and never misses a chance to explain the relationship between theory and reality. It contains what might be the clearest explanation of Austrian business cycle theory ever written.

This book is a fantastic weapon in the intellectual battle that is taking place right now. It needs to become a bestseller, and it could. You can do your part by distributing it as widely as possible. History really does hang in the balance.

The Revolution of 1913

Recorded at the Mises Institute in Auburn, Alabama; March 17, 20005.  The video version includes a post-lecture Question and Answer session. [55:25]

Predicting Booms and Busts

The Hans Sennholz Memorial Lecture, delivered at the Austrian Student Scholars Conference hosted by Grove City College; November 2, 2007. [56:52]

The Economics of the Gold Standard

Walter Block discusses The Economics of the Gold Standard at Mises University on August 5th, 2004.

Austrian Theory of the Trade Cycle

Roger Garrison defines the Austrian Theory of the Trade Cycle at Mises University on August 3rd, 2004.

Money and Banking

Hans-Hermann Hoppe discusses Money and Banking at Mises University on August 3rd, 2004.

06. The Great Depression, World War II, and American Prosperity, Part II (video)

Video version of Thomas Woods presenting "The Great Depression, World War II and American Prosperity, Part II" at The Truth About American History: An Austro-Jeffersonian Perspective seminar on June 22nd, 2005.

05. The Great Depression, World War II, and American Prosperity, Part I (video)

Video version of Thomas Woods presenting "The Great Depression, World War II and American Prosperity, Part I" at The Truth About American History: An Austro-Jeffersonian Perspective seminar on June 22nd, 2005.

05. Modern Monetary Theory: The Austrian Contribution (video)

Video version of Joseph Salerno describing Modern Monetary Theory: The Austrian Contributionat the Austrian School of Economics: Revisionist History and Contemporary Theory seminar on June 8th, 2005.

Gold vs. Government

Burt Blumert discusses Gold vs. Government at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005.

Gold or Tyranny

Ron Paul asks; "Gold or Tyranny?" at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005. 

Boom and Bust in Property Development

Doug French talks about Boom & Bust in Property Development at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005.

The Fed and the Political Business Cycle

 Thomas DiLorenzo talks about The Fed & the Political Business Cycle at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005.

The Continuing Bull Market in Gold: How High Can It Go?

 Mark Thornton discusses the Continuing Bull Market in Gold: How High Can It Go? at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005.

The Myth of Neutral Interest Rate Policy

Frank Shostak discusses The Myth of Neutral Interest Rate Policy at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005.  

International Markets Panel: Muddling Through Armageddon

International Markets Panel: Muddling Through Armageddon

Panelists: M Mueller, Shostak, Williamson

Recorded at the Austrian Economics and Financial Markets Conference in Las Vegas, February 18th, 2005.  

Where in the World? Best Places for Your Money for 2005

 Adrian Day gives the important & somewhat prophetic talk; "Where in the World? Best Places for Your Money in 2005" at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005.

The Falling Dollar: Our Currency - Their Problem?

 Antony Mueller discusses "The Falling Dollar: Our Currency - Their Problem?" at the Austrian Economics and Financial Markets Conference in Las Vegas, February 2005.

Inflation During the Civil War

Mark Thornton discusses Inflation During the Civil War at this 2004 Austrian Workshop.

Money, Mexico, and Mañana

Llewellyn H. Rockwell, Jr. gives his talk, "Money, Mexico, and Mañana" at the Money, Banking, and the New World Order supporters summit in Houston, Texas in 1995.

Theory Meets Praxis: The Austrian Business Cycle Theory in Today's Economy

Sean Corrigan gives his talk, "Theory Meets Praxis: The Austrian Business Cycle Theory in Today's Economy" at the 2004 Austrian Scholars Conference

The Great Depression

"The Great Depression" by Robert LeFevre.

Gold and Banking

"Gold and Banking" by Robert LeFevre.

Wealth and Politics

"Wealth and Politics" by Robert LeFevre.

The Economic Culture of Boom and Bust

Peter G. Klein discusses the Economic Culture of Boom and Bust at the Prosperity, War & Depression seminar.

Did Greenspan Deserve Another Term?

Joseph T. Salerno asks the question, "Did Greenspan Deserve Another Term?" at the Prosperity, War & Depression seminar.

The Politics of Recession

Morgan O. Reynolds talks about The Politics of Recession at the Prosperity, War & Depression seminar.