Stable Prices, Unstable Markets
Fed policy makers are telling us that they have to stabilize the price level in order to allow the efficient functioning of the market: a contradiction in terms.
Everything You Were Never Taught About “The Great Emancipator”
Did Lincoln lead America through its greatest crises – or cause them?
“Real” Reinforcement for Austrian Arguments
In a recent article, “The Hoover-Roosevelt Depression Revisited,” work by Cole and Ohanian was highlighted because it comes to conclusions similar to, and thus reinforces historical work previously done by Austrians or fellow travelers (especially Murray Rothbard, Robert Higgs, and Richard Vedder and Lowell Gallaway), which explained the length of the Hoover-Roosevelt Depression.
Lucy is Right: Insurance Should Be a Nickel
Lucy’s proposition that, “insurance should be a nickel,” makes perfect sense.
The Hoover-Roosevelt Depression Revisited
This year is the fiftieth anniversary of Murray Rothbard’s America’s Great Depression. In that work, Rothbard masterfully achieves three objectives.
1. He provides a restatement and extension of the Austrian theory of the business cycle (ABCT) while expertly defending the theory against critics;
2. He applies the theory to the inflationary boom of the 1920s and subsequent bust of 1929-30; and
Vulnerable Before the Jealous State
The real conflict in modern political history has not been, as is so often stated, between State and individual, but between State and social group. What Maitland once called the “pulverizing... tendency of modern history” has been one of the most vivid aspects of the social history of the modern West, and it has been inseparable from the momentous conflicts of jurisdiction between the political State and the social associations intermediate to it and the individual.
Interview with Thorsten Polleit
It Isn’t Capitalism That Has Caused the Crisis!
Interview with Thorsten Polleit by Lars Schall
Slow Recovery: Bad Policy or the Norm Following a Financial Crisis
Reinhart-Rogoff Revisited
The recent release of GDP data continues to show a weak recovery which many who contribute here have attributed regime uncertainty and inappropriate policy. The Wall Street Journal (“A Jobs Fillip”) comes to a similar conclusion:
Whom do you trust: Bitcoin or Bernanke?
For those following Bitcoin, this interview with Gavin Andresen, the 46-year-old lead software developer for the Bitcoin project in today’s Wall Street Journal should be of interest.
“The chief scientist for the digital currency talks about its appeal—and pitfalls—in a world of fiat money.”
Highlights:
Great interview of David Stockman
David Stockman is interviewed here on the Austro-friendly Power Trading Radio by John O’Donnell.
Reservations are required for the David Stockman book signing event in New York on May 21st.
