Central Banks

Bob discusses Javier Milei’s 2026 address to the World Economic Forum explaining the Austrian and neoclassical ideas behind Milei’s defense of capitalism.

Italian economist Bernardo Ferrero joins Ryan McMaken to discuss the state of European politics over taxes, spending, inflation, and fiscal and monetary policy. 

Critics of the Austrian Business Cycle Theory claim that capital investors over time will no longer be fooled by artificially-low interest rates triggered by central banks. However, when central banks push easy money policies, the inflation itself sets the ABCT pattern in motion.

On this episode of Power and Market, Ryan, Connor, and Tho discuss the reported probe into Fed Chair Jerome Powell. Is this actual accountability for malfeasance, or a petty battle of DC egos? At the end of the day, does the difference matter? And should Powell be encouraged that central banks around the world are standing in solidarity with him? The panel dives into these questions and more. 

While most economists believe that central banks set interest rates, in reality, they are set by time preferences of individual actors in the economy. Central bank influences on interest rates ultimately result in setting off boom-and-bust cycles.

Two days before Christmas, 1913, the infamous “creature from Jekyll Island,” the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.

Instead of market competition, inflation forces young and old into rivalrous competition for housing.

Instead of market competition, inflation forces young and old into rivalrous competition for housing.

The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.

Dr. Hülsmann offers his concluding thoughts on his debate with Philipp Bagus regarding the monetary consequences of closing the central bank of Argentina.