Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016): 288–296

Living Economics: Yesterday, Today, and Tomorrow
Peter Boettke
Oakland, Calif.: Independent Institute, 2012, 456 pp.

Nicolai J. Foss

Nicolai J. Foss (nicolai.foss@unibocconi.it) is a professor of Organization Theory and Human Ressource Management at the Bocconi University, Milan, Italy.

Protests have erupted in Mexico in response to rising gasoline prices, which many believe will lead to higher prices in general. This all comes at a time of growing fears over a possible recession in Mexico in 2017. 

The so-called multiplier arises as a result of the fact that banks are legally permitted to use money that is placed in demand deposits. Banks treat this type of money as if it was loaned to them, thus loaning it out while simultaneously allowing depositors to spend that money.

RELATED: “Austrians, Fractional Reserves, and the Money Multiplier“ by Robert Batemarco

Jeff Sessions, Donald Trump’s choice for US Attorney General, has the potential to threaten recent gains in state-level opposition to federal laws. As an enthusiastic supporter of the Drug War — if he is confirmed as Attorney General — Sessions will be in a position to clamp down on statewide efforts to legalize marijuana by utilizing state-level nullification strategies. 

According to the Washington Post and FactCheck.org, this month’s inauguration is likely to cost somewhere between $175 and $200 million. Some of that will be paid through privately-raised funds, but the final bill for taxpayers will end up being well in excess of $100 million. In 2005, for example, George W.

I. Introduction

Frederick Nymeyer (1897–1981) was an Illinois entrepreneur with an intense interest in economics, particularly the relationship between economics and morality. A self-described protégé of Mises and a thoughtful Calvinist, Nymeyer was deeply concerned with Protestantism’s shift toward socialism in the twentieth century.