The Institute for the Study of Free Enterprise announces a new workshop for PhD students and early-career faculty. From the workshop announcement:

We are once again hosting a Theory Development Workshop (TDW) here in Stillwater, OK. This year’s workshop will take place on Wednesday, November 12, and will, again, be specifically oriented toward free markets and market processes. And, once again, we wholeheartedly welcome submissions from an Austrian perspective.

According to the leader of the monetarist school, Milton Friedman, the key cause of business cycles are fluctuations in the growth rate of the money supply. Friedman held that in order to eliminate these cycles central bank policymakers should aim at a fixed growth rate of money supply. According to Friedman,