The Fed

Interviewed by host Ben Stone, Mark Thornton talks about Bitcoins, fiat greenbacks, the Federal Reserve, and the Iron Law of Prohibition.

One of Mises’s followers was Jacque Rueff, the popular economic advisor to French President Charles de Gaulle.

The gold “price rule" is by no means a gold standard; nor is it a cure for our monetary ills.

With such pronounced expansion, will the U.S. soon experience significant price inflation, and if so, how severe may it be?

Fed policy makers are telling us that they have to stabilize the price level in order to allow the efficient functioning of the market: a contradiction in terms.

Some of the results developed by RBC proponents, can reinforce the claims made by Austrian business cycle theorists.

Despite market monetarism’s recent popularity, nominal GDP targeting fails to achieve the end of aiding macroeconomic coordination.

From the session on “Studies in Economic History,” presented at the Austrian Economics Research Conference.

A subset of the end-the-Fed crowd opposes the Fed for peripheral or entirely wrongheaded reasons.

Bernanke, like the famous engineer Casey Jones, is often held up as a popular hero. However, Jones was the engineer of a major train wreck, which was due to his errors in judgment and his own overconfidence. Bernanke's current monetary policy is a train wreck waiting to happen.