The ECB Fears Deflation, But You Should Not
The European Central Bank (ECB) is planning to pump 1.1 trillion euros into the banking system to fend off price deflation and revive economic activity. The ECB president and his executive board are planning to spend 60 billion euros per month from March 2015 to September 2016.
Most experts hold that the ECB must start acting aggressively against the danger of deflation. The yearly rate of growth of the consumer price index (CPI) fell to minus 0.2 percent in December 2014 from 0.3 percent in November, and 0.8 percent in December 2013.
Legal Polycentrism, the Circularity Problem, and the Regression Theorem of Institutional Development
VIDEO: Lew Rockwell Explains Why Secessionism Is Libertarian
Recorded at “Breaking Away: The Case for Secession”—the Mises Circle in Houston, Texas, on 24 January 2015.
Review of Economists and the State: What Went Wrong by Timothy P. Roth
Volume 17, No. 4 (Winter 2014)
Timothy P. Roth
Cheltenham, UK: Edward Elgar, 2014, 192 pages
The Federal legislative process has completely broken down, from a deliberate rule-guided process to one that seems completely ad hoc and driven by lobbyists. This trend continues no matter what party is in power. Congress bypasses its own rules, ignores its own schedules, and call for votes without providing enough time for representatives and senators to even read the bills.
How Government Helped Create the Coming Doctor Shortage
For the last five years, attempts to reform America’s health care system have focused primarily on the demand side of the market, and specifically on the market for insurance. Yet, these reforms have not achieved significant improvements in health care outcomes, nor reductions in cost. As health care specialist John C.
The Depression of 1873–1879: An Austrian Perspective
Quarterly Journal of Austrian Economics 17, No. 4 (Winter 2014)
KEYWORDS: Panic of 1873, Austrian Business Cycle Theory, Depression of 1873–1879, national banking system
JEL CLASSIFICATION: E2, E3, E4, N1, N2
SECTION I: INTRODUCTION
With the recent financial meltdown in 2008, Austrian economics has experienced a revival by both professional and popular commentators.
Review of Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics by Daniel Stedman Jones
Volume 17, No. 4 (Winter 2014)
Daniel Stedman Jones
If the Economy’s So Strong, Why Is the Fed Keeping Rates So Low?
At The Daily Caller, Mark Thornton wonders if the Fed has any plan at all, or if it’s just afraid to do anything in the face of such a weak economy:
Mises Weekends: Dan Mitchell Explains The Immoral US Tax Regime
Taxes sound like a boring subject, but Dan brings great energy and passion to the subject: he’ll tell us why the US “worldwide” tax regime violates the basic human right not to be hounded by a country in which you neither live nor have income, why Burger King was right to move its corporate headquarters out of the US, why greedy politicians hate tax competition, and why invasive laws like FATCA should scare anyone who cares about privacy.
