1873 and 1894 remains one of the most misunderstood and debated in all of American economic history. To some, this era represents the greatest phase of industrial growth in the country’s history. But others interpret the data as evidence of one of
miss any opportunity to quote it again): Easier financial conditions will promote economicgrowth. For example, lower mortgage rates will make housing more affordable and allow
speculative bull markets and booming economies. The emerging market equity and economic boom of 2009 and 2010 was the counterpart of sluggish growth in the US economy during the same period. But the years 2011 and 2012 will
blessings that change would bring to this country. A gold currency would restore economic stability and growth. It would eliminate unemployment. It would force government to spend only what
moving to a gold standard now would be likely to slow the economy’s already meager growth. “At some point someone may be crazy enough to try it, but they won’t stay than they did in the past,” said Allan Meltzer, a Carnegie Mellon University economics professor and a critic of the Fed’s current monetary policy. Given the lack I don’t think World War II “fixed” the economy), in what was still the worst economic period in US history. It’s odd that the gold standard could wreak so much
US runs the risk of a Japanese “lost decade” of flat consumer prices and stagnant economicgrowth. Many Austrians, in contrast, warn of a different decade: namely the United
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.