Arthur Burns, Federal Reserve chairman (1970-1978), delayed Murray Rothbard's doctoral dissertation at Columbia University in the mid-1950s. Rothbard (1969) later observed
Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy.
Real reform of the Fed begins with setting interest rates free, the abolition of deposit insurance, and ending the Fed’s position as lender of last
Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2014.
I don’t think the world has ever been in a more dangerous economic situation than it is today.
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2014.
Republicans are certainly not in a position to legislate radical monetary reform. But that is no excuse for a careless decision by the would-be reformers to veer into a cul-de-sac under the misleading directions of Professor Taylor.
Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects.
