Lessons from Cyprus
The first lesson to be learned is not to trust pronouncements about the safety of banks.
The first lesson to be learned is not to trust pronouncements about the safety of banks.
The role of the algorithm is to ensure a declining progression of the overall stock of bitcoins, by halving the reward every four years.
From the session on “Applied Economics,” presented at the Austrian Economics Research Conference.
A subset of the end-the-Fed crowd opposes the Fed for peripheral or entirely wrongheaded reasons.
From the session on “Studies in Economic History,” presented at the Austrian Economics Research Conference.
A few more banking crises will likely cause confidence in the fractional-reserve banking system to evaporate.
From the session on “Advances in the Theory of Entrepreneurship,” presented at the Austrian Economics Research Conference.
Recorded 21 March 2013 at the Ludwig von Mises Institute in Auburn, Alabama.