Money is the Product of Virtue: Tensions in Rand’s Invocation of Market Success
Casual acquaintance with Ayn Rand’s ideas often involves the assumption that Rand would approve of Oliver Stone’s character Gordon Gekko (of “greed
Casual acquaintance with Ayn Rand’s ideas often involves the assumption that Rand would approve of Oliver Stone’s character Gordon Gekko (of “greed
There seems to be a lot less disagreement between Rothbard and Rashid than meets the latter’s eye. The biggest issue on which there is a gap separating
The theory of monetary disequilibrium, as espoused by Selgin (1988), White (1989), Horwitz (2000), and others, has been used to justify the issuance of fiduciary media under a system of fractional reserve “free” banking.
Austrian economist Lawrence White, formerly of the University of Georgia, has given us in The Theory of Monetary Institutions, a book written in mainstream mode yet embellished with Austrian insights.
Recent events in the US — high unemployment, record federal deficits, and unprecedented financial distress — have raised serious doubts about the future of the dollar.
Professor Karl Socher of the University of Innsbruck, Austria discusses Austrian Economics in
No matter what reform proposal is adopted, the state will attempt to strike back against it to restore to itself the immense benefits it receives from the existing system.
This article has a twofold purpose. Its first goal is to pay tribute to Friedrich von Hayek as an outstanding monetary theorist. Its second objective is to further elaborate, on the ground of Hayek’s main findings,
The authors argue that a currency board is a creation of the state, aiming at granting particular political favors,and purposefully designed to secure the reappearance of an independent domestic money producer.