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Clifford F. Thies

Works Published inReview of Austrian Economics, Volumes 1-10Mises Daily ArticleQuarterly Journal of Austrian Economics

Clifford F. Thies is the Eldon R. Lindsay Chair of Free Enterprise at Shenandoah University in Winchester, Virginia.

All Works

The Demise of Arthur Andersen

04/11/2002Mises Daily Articles
Prior to the demise of Arthur Andersen, the "Big 5" firms seemed to have a "lock" on reputation. It is possible that these firms may have felt free to trade on their names in search of additional sources of revenue. If this is what happened, this was a big mistake. In a free market, nobody has a...
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As Phony as a $3 Bill

Money and BanksU.S. EconomyU.S. HistoryMoney and Banking

02/07/2002Mises Daily Articles
During the early 1800s, the U.S. paper money in circulation was issued by banks, most of which were privately owned and state-chartered. There were, in fact, hundreds of banks across the country that issued their own--often distinctive--paper money. From these banking practices arose the infamous $...
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Mind Games

Media and Culture

01/14/2002Mises Daily Articles
Ludwig von Mises was correct to observe that "the great creative genius who perpetuates himself in immortal works and deeds does not when working distinguish the pain from the pleasure. For such men creation is at once the greatest joy and the bitterest torment, an inner necessity." It is also true...
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When Will the Recovery Begin?

Booms and BustsFinancial MarketsBusiness Cycles

12/18/2001Mises Daily Articles
Since it takes some time to say for sure that we are in recession, by the time we know we are in recession, we are already most of the way through it. This time, it took eight months--from March until November 2001--to determine we were in a recession. Here we are, in December 2001, and there are...
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The Hirohito Gold Fiasco

Money and BanksFiscal TheoryMoney and BankingPrices

07/24/2001Mises Daily Articles
The Hirohito gold coin was fixed at a very high legal-tender value in terms of yen. Then the price of gold fell.
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