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The 1866 False Money Debate in the Journal des Economistes
Quarterly Journal of Austrian Economics
Author: Oskari Juurikkala
Online Publish Date:
Category: History of the Austrian School of Economics, Money and Banking, Money and Banks
  Volume 5, No. 4 (Winter 2002)   The false-money debate of 1866 in the J ournal des Economistes  was the first time that uncompromising laissez-fair advocates clashed on the question of fiduciary media.  Victor  Modeste  was with Henri  Cernuschi  a forerunner of the present-day advocates of free banking with 100 percent reserves.  By integrating
Making Kids Worthless: Social Security’s Contribution to the Fertility Crisis
Mises Daily
Author: Oskari Juurikkala
Online Publish Date:
Category: Other Schools of Thought, Philosophy and Methodology, Free Markets
“Kinder haben die Leute immer — People will always have children,” assured Konrad Adenauer, the German Chancellor, in 1957. He was convinced that the future of the brave new pay-as-you-go social security system would not be undermined by demographic changes. Adenauer was as wrong as ever. Social security schemes around the developed world are
Old-age Security Without the State
Mises Daily
Author: Oskari Juurikkala
Online Publish Date:
Category: Interventionism, Other Schools of Thought, Free Markets
Social security systems around the developed world are faced with a looming financing crisis. Unfunded pay-as-you-go (PAYGO) schemes are heading towards bankruptcy due to rising longevities, low fertility, and declining labor force participation rates. Much of this is not accidental. Compulsory PAYGO schemes tend to discourage work in older ages