01/07/2020Quarterly Journal of Austrian EconomicsMark Gertsen
Can policy-induced deviations from the natural rate of interest increase roundaboutness in production? Mark Gertsen studies 28 developed economies using an ARDL model, and finds Austrian boom-bust dynamics.
The totalitarian ethos of the twentieth century, whether in the “mixed” version of the Hindenburg Program or the Bolshevik version of Lenin and Stalin, emerges from the will of individuals who propose to control their fellows.
Inflation not only debases currency, but damages the family institution, eroding the quantity and quality of marriages while creating distortions in the decision-making processes of those hoping to establish families.