Review of A History of the Federal Reserve, Volume 1: 1913–51, by Allan H. Meltzer
Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy.
Money and Banking
Displaying 1101 - 1110 of 2003
Monetary Inflation’s Effect on Wealth Inequality: An Austrian Analysis
Austrian monetary inflation theory claims that changes in the money supply are disproportionately distributed throughout an economy, and as a result wealth inequality is exacerbated.
Expansionary Monetary Policy and Decreasing Entrepreneurial Quality
Austrian business cycle theory has been criticized on the basis of “rational expectations.” That is, reasonably high quality entrepreneurs—which are required for economic growth
A Critical Note on Fractional-Reserve Free Banking
The practice of fractional-reserve banking is the main factor responsible for the emergence and development of the central bank.
Free Banking and Credit Creation: Implications for Business Cycle Theory
Free banking is a process where the market makes the ultimate judgment on where to draw the line between money as a present good and money as a future good.
An Austrian Taxonomy of Deflation—With Applications to the U.S.
Whether the current recovery will strengthen, which appears to be the prevailing consensus, or whether unforeseen events in the financial arena abort it prematurely,
Review of Ludwig von Mises als Pionier der modernen Geld und Konjunkturtheorie by Carsten Pallas
The present work is a doctoral dissertation written at the University of Hamburg. It deals with Mises’s work on monetary economics and business cycle theory.
Review of Free Banking: Theory, History, and a Laissez-Faire Model, by Larry Sechrest
Complete with an extensive new preface, the republication of Larry Sechrest’s Free Banking is well-timed. The new preface is an important contribution to the ongoing debate within Austrian circles
Monetary Policy and Capital–Based Macroeconomics: An Empirical Examination for the United States (1963–2012)
This paper provides an empirical investigation of the role of monetary policy in the determination of interest rates and consumption as developed by capital-based macroeconomics
Credit Creation or Financial Intermediation?: Fractional-Reserve Banking in a Growing Economy
It is important that Austrians continue in their endeavor to convince colleagues, policymakers, and the public about the instabilities inherent to a fractional-reserve system.
