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.
Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing.
Presented by Joe Salerno at the Mises Circle in New Orleans, 5 November 2011.
Deleveraging is necessary to clean up the system and lay the foundations for solid economic expansion.
Austrian economists have long recognized that the economy is far more complex than simple models capture.
An increase in the quantity of money doesn't bring any general improvement of conditions.
From Man, Economy, and State, narrated by Jeff Riggenbach.
From Man, Economy, and State, narrated by Jeff Riggenbach.
Presented in Vienna, Austria, on 20 September 2011. Includes an introduction by Douglas E. French.
Presented in Vienna, Austria, on 19 September 2011. Includes an introduction by Douglas E. French.
Why does the behavior of the Greek government have anything to do with taxpayers in Germany? Why did the original Maastricht Treaty have rules about fiscal policy as part of the criteria for monetary union? The answer is that the euro is a fiat currency.