One of the more important monetary theorists of the mid to late 1900s, Leland Yeager, Ludwig von Mises Professor of Economics, Emeritus, at Auburn University, recently turned 90. The Mises Institute last week hosted a reception his honor. ...
The debate over the Export-Import Bank continues, with the bank's friends in Congress and other high places claiming that the Bank serves an indispensable function in the American economy. Larry Summers, for instance,...
Milton Friedman and all monetarists after him claimed that the Gold Standard had a fatal flow. The Gold Standard required that gold be dug up, refined and then made into coins or stored away in vaults to back paper money in circulation. Therefore this gold was expensive and could not be used in...
For 94 years, Americans were supposed to be awed and bored by the central bank, and pay no real attention to the greatest counterfeiting machine in the history of the world. Yet Ron has made an issue, and a huge one, out of the Federal Reserve and its destructivism and business cycles. Last...
Our town council, who loves taxes like my cat loves cream is talking about a sales tax increase: a frequent subject of their deliberations. Only a miniscule addition they say. Pennies. Who'll miss a 5 penny penalty on a 5 dollar purchase. We should line up to give our political servants this...
Three of the nation's largest banks, working together at the behest of the Treasury Department, announced this morning that they were creating a large fund to serve as a buyer of bonds and other debt at a time when many investors are avoiding...
