Index targeting is widely viewed as a state-of-the-art concept, writes Thorstein Polleit. But in Mises's view, the very idea of measuring price levels toward stabilization is theoretically untenable and politically dangerous.
If the Mises Site is not enough, there is now another source on the web for economic education (this via Jeff Scott):
Greenspan speaks of a condundrum whereby long-term yields on government bonds are surprisingly low. Why anyone would invest in them is a legitimate question, writes Stefan Karlsson.
Thomas Woods writes on the famous Fr. Charles Coughlin, whose writing on money is wrongly admired by some even today.
Greenspan says it is a puzzle why long-term rates remain low while short-term rates have risen. But Frank Shostak says that this is not a puzzle at all.
Hatch explains why a significant monetary inflation is taking place and is laying the foundation for price inflation in the years ahead.
In its current form Freddie Mac is a mercantilist company, and as such, it is not a good example of free enterprise, write Paul Cleveland and Michael Tucker.
Recorded at the Austrian Economics and Financial Markets conference at The Venetian Hotel Resort Casino, Las Vegas, 02-19-2005
Antony Mueller asks: Are central banks up to their job by now?
Current monetary policy, writes Frank Shostak, is based on a theory of Knut Wicksell. How does Wicksell stack up to Mises?
