[This talk was delivered at the Mises Institute’s Supporters Summit, November 1, 2008, Auburn, Alabama. An MP3 audio version of this talk is available for download .] Today we stand at a point in time that is the beginning of the end of an economic era when the US dollar dominated the global economy. The dollar still dominates world financial
If you examine the attached graph one factor that might jump out at you is that the current “recovery” has been the worst one since WWII in terms of the percentage job losses and the time necessary for a full recovery in the job market making it, already, the most expensive since WWII. Another less clear, but equally valid observation is that the
Volume 6, No. 4 (Winter 2003) It seems odd that economists would find the idea of falling prices to be a bad thing. Likewise, it is peculiar that policymakers would fear deflation and be willing to take drastic measures to insure the so-called “defeat” of deflation. Policymakers and politicians, after all, would supposedly want the general
David Howden is interviewed on the GoldMoney show with Andy Duncan. “Howden thinks that the Euro will hold together in the short term, but he is rather pessimistic on the long term outlook of the common currency. One at a time countries which were formerly regarded as “stable” are being dragged into the debt hole. Though he assesses the problems
Thorsten Polleit delivered a speech at the Austrian Economics Research Conference entitled “The Gold Standard That Never Was.” Thorsten was interviewed by GoldMoney’s Andy Duncan. The speech is discussed in this podcast . The conditions that he sees as being necessary for a gold standard to be compatible with free market principles are discussed.
This transcript is adapted from an interview with Mark Thornton and David Morgan at The Morgan Report. Mark Thornton is available for media interviews. Contact him here. David Morgan: Could you give us your personal assessment on the current economic landscape? Mark Thornton: Well, I guess we’re at the point in history that I always thought was
The new issue (on sale today) of Worth magazine features an article on “A New Golden Age” by Nathan Lewis which is a nice recap of the history of the gold standard showing that we (along with the Roman’s) thrived on a gold standard only to succumb to paper inflations. “It is practically a truism that the decline of currency quality is mirrored in
In what is surely the lamest attacks on the gold standard, Federal Reserve David Andolfatto tries to justify the central bank by pointing to a problem that is actually encouraged by the Federal Reserve. The video suggests correctly that critics oppose inflation and higher prices, but then does not address that issue at all or admit its guilt.
Information was recently released that both the Netherlands and Germany had discussions and planning meeting to investigate what to do if the Euro met its demise in 2012. According to the publication Market Oracle : The Dutch finance ministry prepared for a scenario in which the Netherlands could return to its former currency — the guilder. They
[Edited transcript of a Mises Circle speech given on November 13, 2010, in review of Joseph Salerno’s Money: Sound and Unsound .] Joseph Salerno, my friend and colleague at the Mises Institute , published a book this year entitled Money: Sound and Unsound . The book consists of 26 chapters, which were based on articles he wrote in publications
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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.