Profiles

The inability of governments to maintain fixed exchange rates in the face of opposing market forces is only further proof of their impotency.

Christopher Mayer explains why an Austrian analysis starts by examining the preceding boom phase of the business cycle.

The US government is the world's largest debtor with deficits feeding debts that pile on in increasingly larger numbers of numbing proportions, writes Christopher Mayer.

Debt is an institution in American government, long established and widespread. A cursory glance at debt statistics will quickly show that there has been a lull in the truth about debt, namely, that it cannot grow indefinitely at the rate at which it has been growing—at least not without a serious...

Industry concentration is not usually a problem in the free market, writes Christopher Mayer. But the banking industry is hardly free.