Money and Banking

In case you missed it, be sure and check out the October issue of The Free Market, now o

Eighty years ago, Mises’s The Theory of Money and Credit first appeared in English.

Eighty years ago, Mises's The Theory of Money and Credit first appeared in English. It remains one of the most important books on money and inflation penned in the twentieth century, and it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.

The Fed has ended Quantitative Easing.  But this does not mean the era of easy money is over. In fact, the data shows that the Fed's policies will continue to ensure that malinvestments, instability, bust, and economic displacement will continue. 

Dr.

Below, Rothbard explains that one reason given in support of a government-regulated monetary system i

With European powers broke and economically ailing by 1916, World War One would have ended much sooner had the Federal Reserve and its cronies not stepped in to help England and France keep the bloodshed going. Meanwhile, US economic intervention led to a huge post-war bust in America. 

Peter Boettke at Coordination Problem

Contrary to what is commonly assumed, Austrian economics and Austrians scholars themselves are not necessarily in favor of gold-based monetary syst