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Austrian School

Bootleggers and Baptists on the Beach

08/05/2013Mises Daily ArticlesThomas J. DiLorenzo

Not surprisingly, the city government of Delray Beach is apparently doing everything it can to drive these young entrepreneurs out of business.

Bernanke: A Tenure of Failure

The FedInterventionismOther Schools of Thought

07/31/2013Mises Daily ArticlesJohn P. Cochran

If banks and other financial institutions should not be too big to fail, neither should the Fed.

Bitcoin: Money of the Future or Old-Fashioned Bubble?

Free MarketsEntrepreneurshipMoney and Banking

04/09/2013Mises Daily ArticlesPatrik Korda

There is no doubt that bitcoin is a spontaneous answer to the monetary instability that we see all around us today.

Bernanke: The Good Engineer?

The Fed

03/21/2013Mises Daily ArticlesJohn P. Cochran

Bernanke, like the famous engineer Casey Jones, is often held up as a popular hero. However, Jones was the engineer of a major train wreck, which was due to his errors in judgment and his own overconfidence. Bernanke's current monetary policy is a train wreck waiting to happen.

Banking and Created Money

History of the Austrian School of EconomicsMonetary Theory

03/15/2013Mises Daily ArticlesJörg Guido Hülsmann

A rate of interest is established in the loan market which corresponds to a longer period of production; and so, although it is inadmissible and impracticable from an overall point of view, a lengthening of the period of production becomes at first profitable. But there cannot be the slightest...