Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016)

“The problem with economic historians,” Murray Rothbard once quipped, “is that half of them are historians who don’t know any economics and the other half are economists who don’t know any history” (Rothbard, 1986, 0:01:05). After reading America’s Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein, I was reminded of Rothbard’s remark, which is as prescient as ever.

On January 20, 2016, People’s Bank of China (PBoC) released an announcement on its website about its digital currency conference.

Taxes are a contentious issue, the debate over which often generates more heat than light. Disagreements over taxes cause people on both sides of the political divide pitch to make snide remarks. Most of the debate over taxes among economists is, fortunately, relatively civil and productive. There is a good reason for relative civility: Economists have arrived at some generally accepted propositions about the effects of taxes on economic conditions.

Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016)

The recent financial crisis of 2007–2008 generated a debate among economists over whether the leading central banks’ unprecedented monetary intervention would spark a massive inflation and depreciation of currencies in the near future.