The Fed

Popular opinion seems to be that falling prices—or even stable prices—are bad for the economy, but I’ve never seen any good arguments about why.

The recent de-peg of the Swiss franc from the euro illustrates the importance of currency competition, and the damage that state monopolies over money can do. We Americans should embrace currency competition here at home as well.

Interviewed by Solidus.Center founder Seth Mason, Mark Thornton and Walter Block discuss the history of the Fe

The Fed would have us believe that it has am impressive record of success in preventing recessions and improving the economy. The actual historical record suggests otherwise.

Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.

The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.

Ludwig von Mises understood that the unpopularity of taxes tended to limit the extent that governments could spend. But, if governments are freed from needing to raise taxes for revenue, as central banks allow them to do, they are unleashed.

Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.

The most recent job report appears, on the surface, encouraging news for the U. S. economy.