Financial Markets / Thorsten Polleit

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The Unlimited Power of Suppressing the Interest Rate

The FedFinancial MarketsInterventionismPolitical Theory

07/27/2010Mises Daily Articles
The ensuing debasement of the currency is the economically devastating outcome of central banks' unlimited power to suppress the interest rate. This, in turn, is the result of the government taking full control over money production...

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Toward a New Monetary Order

Booms and BustsThe FedFinancial MarketsMoney and Banks

06/25/2010Mises Daily Articles
Governments have caused the monetary and economic debacle by taking control of money production.

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Beware of Government Bonds

The FedFinancial MarketsInterventionismMonetary Theory

03/04/2010Mises Daily Articles
It shouldn't come as a surprise if it eventually turns out that the real danger is, like so often in the past, inflation rather than default...

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Hyperinflation, Money Demand, and the Crack-up Boom

Booms and BustsFinancial MarketsMonetary TheoryOther Schools of Thought

01/21/2010Mises Daily Articles
The more the money supply grows, the more likely it is that there will be hyperinflation and a potential breakdown of money demand: the unfolding of a crack-up boom.

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Bad News for Our Money

The FedFinancial MarketsFree MarketsInterventionism

06/04/2009Mises Daily Articles
The downward manipulation of the interest rate drives a wedge between the (real) market interest rate and the societal time-preference rate , and therefore wreaks havoc with the economy's intertemporal production structure...

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Confidence Is Leaving the Fiat Money System

Financial MarketsBusiness CyclesMonetary Theory

10/10/2008Mises Daily Articles
A return to sound money is needed. This would, as outlined by many Austrian economists, require putting an end to government's monopoly over monetary affairs...

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Credit Crisis: Precursor of Great Inflation

Booms and BustsThe FedFinancial Markets

02/07/2008Mises Daily Articles
At the end of the day, inflation is a serious threat to freedom. The majority of the people, suffering badly from inflation, would most likely blame the free market for their plight, rather than blame the central bank for the debasing of the currency.

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Manipulating the Interest Rate: a Recipe for Disaster

The FedFinancial MarketsGold Standard

12/13/2007Mises Daily Articles
Mises said that such a monetary policy would ultimately end in the destruction of the exchange value of money.

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Free Money Against "Inflation Bias"

The FedFinancial MarketsInterventionism

11/14/2006Mises Daily Articles
Perhaps most importantly, the very source of the crises would remain in place: the concept of "price index targeting," which rests on the erroneous "stabilization" idea, a concept that is in full contradiction to the notion of free markets: "Human action originates change...

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