Volume 14, Number 4 (Winter 2011)

In this article it will be argued that collective corruption - which is the logical result of government interventionism in the field of money production - can explain why public opinion accepts adherence to an economically and socially destructive fiat money regime. Collective corruption can explain why returning to sound money faces such high, perhaps insurmountable, hurdles once fiat money has been put into place.

Volume 14, Number 4 (Winter 2011)

Volume 14, No. 4 (Winter 2011)

Volume 14, Number 4 (Winter 2011)

Volume 14, No. 4 (Winter 2011)

Volume 14, No. 4 (Winter 2011)

Volume 14, No. 4 (Winter 2011)

Volume 17, No. 1 (Spring 2012)

ABSTRACT: The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT). A number of mainstream macroeconomists have criticized this resurgence of interest in ABCT on the grounds that the theory cannot explain the positive correlation of consumption and investment that occurs over the course of the business cycle.

Mihai Vladimir Topan1

Volume 15, Number 1 (Spring 2012)