Ludwig von Mises Memorial Lecture from the 2014 Austrian Economics Research Conference presented by J. Huston McCulloch. Ludwig von Mises’s writings contain many insights that are very relevant for mainstream macroeconomics.
Low interest rates combined with high-risk fractional reserve banking creates a powder keg on which we’re sitting today, writes Frank Hollenbeck.
Many still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations, writes Dale Steinre
The Argentine government has a habit of spending without restraint and then trying to cheat its creditors.
The Wall Street Journal declares it a do
The problem is that Argentina had decided to once again prefer deficits and unrestrained government spending to paying its obligations.
Free banking is a process where the market makes the ultimate judgment on where to draw the line between money as a present good and money as a future good.
When the economics profession turns its attention to financial panics and crashes, the first episode mentioned is tulipmania. In fact, tulipmania has become a metaphor in the economics field.
