Inflation Targeting Hits the Wall
Inflation targeting is not only defective in guaranteeing monetary stability; it was instrumental in bringing about the current financial crisis.
Monetary Theory
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The Myth of Free Banking in Scotland
Scottish banks were not free (they too pyramided on the Bank of England) and, not surprisingly, they worked no better than the English banks.
How Deflationary Forces Will Be Turned into Inflation
In today's fiat-money regime, the possibility of deflation appears fairly small indeed.
Money Makes the World Go Around
Austrians understand that state intervention in the monetary system is an abuse.
The Good Deficits
The Depression marked a turning point in American public policy. From this point on we hear no more about balanced budgets.
Explaining Central Banks’ Gold Purchases
While holding any real asset serves no direct use for a central bank, it does act as an insurance policy of sorts.
Why Is There a Euro Crisis?
Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing.
Who Was the Better Monetary Economist? Rothbard and Friedman Compared
Presented by Joe Salerno at the Mises Circle in New Orleans, 5 November 2011.
Will the Latest Plan “Fix” the Eurozone?
Deleveraging is necessary to clean up the system and lay the foundations for solid economic expansion.
Fed Policy and Asset Prices
Austrian economists have long recognized that the economy is far more complex than simple models capture.
