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Destructive Myths About Money, Interest Rates and Business Cycles

Audio/VideoFebruary 23, 2005
Recorded at the Austrian Economics and Financial Markets conference at The Venetian Hotel Resort Casino, Las Vegas, 02-18-2005 [21:15]

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The Supply-Side Gold Standard: A Critique

Mises DailyJune 25, 2002
The present unstable financial system cannot be fixed by means of a monetary policy that targets the price of gold, argues Frank Shostak. This framework, favored by supply-siders, is likely to further destabilize the economy. What is needed is not a reversion to the bankrupt Bretton Woods system,...

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The Biggest Myth about Money

Mises DailyMay 2, 2003
The popular notion that an increase in the stock of money is socially and economically beneficial is one of the great fallacies of our time. It has lived on throughout the centuries, embraced by kings and presidents, politicians and businessmen. It has shattered numerous currencies, inflicted...

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Sound Money and the Business Cycle

Mises DailyMarch 19, 2003
How are fiat money and the business cycle related? Without sound money, calculation is less efficient and the economy will be prone to business cycles. With sound money policy, no boom-bust cycle will emerge and monetary calculation and planning will be as efficient as possible in an uncertain...

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Money, Bank Credit, and Economic Cycles

BooksMarch 15, 2006
The three years since the publication of the previous English edition of Money, Bank Credit, and Economic Cycles have seen a continuation of the economic recession process set in motion after the 2007 financial crisis. This process has consisted of the inevitable microeconomic readjustment and...

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The Myth of the Neutral Interest Rate Policy

Mises DailyFebruary 8, 2005
Current monetary policy, writes Frank Shostak, is based on a theory of Knut Wicksell. How does Wicksell stack up to Mises?

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The Austrian Theory of the Trade Cycle and Other Essays

BooksDecember 5, 2005
Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle, but come about through manipulation of money and credit by central banks. In this monograph, Austrian giants explain and defend the theory against alternatives. Includes essays by Mises, Rothbard,...

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The Rate of Interest: Its Nature, Determination, and Relation to Economic Phenomena

BooksMarch 11, 2011
The problem of interest has engaged the attention of writers for two thousand years, and of economists since economics began. And yet, with the exception of what has been accomplished by Rae, Bohm-Bawerk, Landry, and some others, very little progress has been made toward a satisfactory solution.

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Theory of Money and Fiduciary Media

BooksMarch 13, 2013
Edited by Jörg Guido Hülsmann, the essays here presented provide insights for understanding the economic crises of our own time.

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"Time and Money: The Universals of Macroeconomic Theorizing"

BooksJuly 20, 2005
Professor Roger Garrison is a leader in the field of Austrian macroeconomics, and has had a burning passion for his whole career to present Austrian business cycle theory in terms that mainstream economists can understand and identify. This book represents the culmination of his efforts in that...

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Banking and the Business Cycle

BooksDecember 13, 2006
Written in 1937, this is an Austrian-style analysis of the stock market crash and the great depression that followed.

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Secrets About Money That Put You at Risk

BooksFebruary 1, 2010
The Basic Things About Money and Wealth You Must Know And Probably Do Not Why is Money… (a) the thing that most of us worry about the most, and (b) the thing that you understand and were educated in school about the least? Why do otherwise educated people tragically say: "I really do...

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A Rite of Spring

Mises DailyApril 1, 2004
William Anderson examines the common myths of the gas price increase, and then turns to the question of why prices are as high as they are.

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The Demise of the Interest Rate

Mises DailyJune 27, 2005
Eugen von Böhm-Bawerk expressed concern that the interest rate might not get rid of its "moral shade"—its moralischer Schatten . Thorsten Polleit chronicles the attempts to drive it to zero.

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burning_money

The Fed and the Destruction of the Dollar

BlogAugust 2, 2014

A recent “Notable and Quotable” in the Wall Street Journal highlights insights from Steve Forbes and Elizabeth Ames's new book Money: How the Destruction of the Dollar...

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Home Price Growth Slowing, In Spite of Rock-Bottom Interest Rates

BlogOctober 8, 2014

Last week, S&P/Case-Shiller released its latest data, up through July 2014. The 20-city home price index was up, year-over-year by 6.7 percent.  S&P's spokesman described the latest data as evidence...

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How the Business Cycle Happens

Mises DailySeptember 6, 2005
Study of business cycles must be based upon a satisfactory cycle theory, writes Murray Rothbard in America's Great Depression (online for the first time). Gazing at sheaves of statistics without "pre-judgment" is futile.

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The Cure (Low Interest Rates) Is the Disease

Mises DailyApril 5, 2011
The artificial lowering of the interest rate causes malinvestment and the ensuing financial and economic "crisis."

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'The Era Of Negative Interest Rates Has Begun'

BlogJune 5, 2014

To battle the evils of deflation and dis-inflation, the European central bank is blazing new trails: According to CNBC:

The European Central Bank (ECB) took the unprecedented step Thursday by imposing a negative interest rate on banks...

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