Money and Banking

Technology is great, but it can't alter the nature and function of money, and it can't create a money out of thin air, argues Frank Shostak.

With its latest move to boost interest rates, the Fed is again clouding its role as the sole source of economy-wide price increases.

Fifteen years ago, Murray N. Rothbard wrote a piece on the most prevalent economic errors of that time. What are the great economic errors alive today?

The Prime Minister's statist, inflationist program isn't saving the country; it is preparing the way for yet another crash. 

As regular banks decline in financial importance, some economists have wrongly said that non-banks have become engines of inflationary credit.

Does Alan Greenspan have a theory or is he just winging it? (Commentary by James Grant) 

Central bankers mistake the cause for the cure. (Essay by Jeffrey Herbener)

It's traduced in normal times and blamed for every economic crisis, but speculation has an important role to play in the market economy. (Article by Christopher Mayer)  

Robert Mundell's economics, both praised and criticized from an Austrian perspective. (Comments from scholars)

So long as the Fed has the power to print, the boom-bust cycle is here to stay. (Paper by Frank Shostak)