The present glut in the money markets, with excessively cheap money and its attendant evils and dangers to the credit structure of the country, is due to the concurrence of three main causes.
The text of a speech given by University of California at Los Angeles professor of economics Benjamin M. Anderson on May 11, 1943, which deals with the subject of foreign exchange stabilization.
Benjamin Anderson, American Austrian, was among a handful of economists, led by Ludwig von Mises in his pioneering work The Theory of Money and Credit in 1912, who set out to integrate monetary theory into a general theory of value. Anderson devoted
Here is a contemporaneous account of the economic history of the first half of the 20th century, by an American adherent of the Austrian School. Covered in these pages is the inflation of World War I and following, the 1920s boom, and the onset and
Students of money, banking, and finance will find this volume filled with solid information and marked by penetrating insight and illuminating interpretation. It is an interpretative and judicially critical record for both countries of the main
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
