The Mises University is the world’s leading instructional program in the Austrian School of economics. Since 1984, it has been the essential training ground for economists who are looking beyond the mainstream.
Mainstream economics often invokes vague and unquantifiable concepts like animal spirits to explain how economies work.
Deflation serves as the theoretical justification of every inflationary action taken by the Federal Reserve and central banks around the world.
Interviewed by host Alan Butler, Joe Salerno discusses the peak of the business cycle and the ensuing financial crisis.
If price inflation near 2 percent is good for the economy, why not aim at a higher rate of inflation and make the economy much healthier?
As central banks in rich countries flood their economies with fiat money, the excess funds are often used to invest in emerging markets.
Most economic commentators blame weakening economic data on recent bad weather in the US. Many assume it will improve once consumers can go out and spend again. But it’s more likely weakening trends are in response to the emerging economic bust brought about by a decline in the growth momentum of the money supply.
There is a perfect storm developing then in the European banking sector.
