James Grant proposes that the last time US government did not prescribe the now standard cure for economic slumps consisting of fiscal stimulus and easy money was the downturn of 1920–1921. Grant’s purpose is to test the efficacy of this medicine by checking what happened when it was not administered.
Volume 17, No. 4 (Winter 2014) Eswar S. PrasadPrinceton: Princeton University Press, 2014, 432 pages The great mystery of international finance is how the U.S. dollar has managed to retain its...
George Bragues presents The Ethics of the U.S. Monetary Policy in response to the Financial Crisis. From the 2009 ASC Panel: Monetary Economics and the Business Cycle.
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.
