“Overconsumption and Forced Saving in the Mises-Hayek Theory of the Business Cycle”

07/20/2005 Articles of Interest Roger W. Garrison

History of Political Economy, vol. 36, no. 2 (summer) 2004

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Cutting Interest Rates Isn’t a Cure‑All for the Economy

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The Fed is cutting its discount rate again, but Americans will be disappointed with the results, as the Fed’s latest action only contributes to the boom-and-bust cycle.

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In this week’s Friday Philosophy, Dr. David Gordon reviews Crispin Sartwell’s Against the State: An Introduction to Anarchist Political Theory and finds much to like.

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One way to compare prices of similar commodities and services over long periods of time is to convert the nominal prices to ounces of gold.

Environmentalism is Anti-Humanism

01/09/2026 Mises Wire Joshua Mawhorter

Anti-impact environmentalists want you dead; they will settle, in the short term, for you to feel guilty for existing, producing and consuming, and willing to comply with any degree of central planning and freedom curtailment to “save the planet” from you.

The Future of Europe: An Italian View

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Meet the Writer

Roger W. Garrison

Roger W. Garrison received his doctorate degree from the University of Virginia in 1981. He is now Emeritus Professor of...

How the Fed Caused America’s Great Depression

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The excesses of the twenties, the downturn, and the dramatic slide into deep depression are all traced to governmental disruptions of the market process.

Natural and Neutral Rates of Interest in Theory and Policy Formulation

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The so-called art of central banking lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.

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