Defending the Austrian Explanation of the Great Depression from an Internet Attack
Scott Sumner will have to go back to the drawing board in his attempt to deny that there was any type of inflation during the 1920s.
Scott Sumner will have to go back to the drawing board in his attempt to deny that there was any type of inflation during the 1920s.
A new generation of students seeks the truth delivered plainly, using clear words and logic.
Presented by Doug French at the Mises Circle in New Orleans, 5 November 2011.
Contrary to the assertions of these pundits, an economy does not need mountains of debt — whether government or private — in order to grow. Corporations can still raise needed financing through issuing equity. There are pros and cons to debt financing, but it isn't necessary for a strong economy.
Austrian economists have long recognized that the economy is far more complex than simple models capture.
From Man, Economy, and State, narrated by Jeff Riggenbach.
Presented in Vienna, Austria, on 20 September 2011. Includes an introduction by Douglas E. French.
We now see, thanks to Rothbard's insights, that the Hoover-Roosevelt period was really a continuum.
The government has tried to further manipulate the economy to compensate for the adverse effects of its printing of money.
The Augustan boom was partly the result of a heavy spending program.