The Fed

Cast aside all the trumped up claims concerning the power of the central bank to achieve price stability, writes Antony Mueller.

Gilligan's Island economics can provide useful thought experiments, writes B.K. Marcus, for the same reasons Robinson Crusoe economics has served as a staple of classical and Austrian School economics texts.

Just when the supposed threat of disinflation passed, now comes another frightful creation from the fearsome flation family: stagflation. Sean Corrigan explains.

Joseph Salerno writes about a long-term look at this conventional wisdom that shows that 90 percent of deflations since 1820 have not resulted in depression.

In a market economy, writes Robert Murphy, the interest rate is not merely a lever to stimulate or depress economic growth.

It was reported last week that the M3 money supply has increased at a breathtaking 20% annual rate in the last 4 weeks, going up $155 billion. Coincidently (or not), the Bureau of Land Management (BLM) held another of its semi-annual land auctions in Las Vegas.

The Fed is always claiming to come up with new ways to make monetary policy less damaging to the economy. But Frank Shostak argues that this isn't possible.

Deflation was the great threat that never materialized, writes Gardner Goldsmith. The dollar still sinks in value.

Recorded in Houston, Texas; October 27, 1984.

Christopher Mayer explains why an Austrian analysis starts by examining the preceding boom phase of the business cycle.