Dr. David Howden: Let Banks Fail! (Central and Otherwise)
Jeff Deist and David Howden discuss the history of banking in America before 1913 and the entanglements of the Federal Reserve.
Financial Markets
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Investors and Austrian Economics
In recent years, we’ve seen more and more Austrian-tinged economic analysis. There has been tremendous growth in interest in Austrian economics among financial professionals.
The Yield Curve and Our Weakened Economy
It’s difficult to envisage a downward-sloping yield curve in an unhampered market economy since this would imply that investors are assigning a higher risk to short-term maturities than long-term maturities. But in today’s economy, an upward or a downward sloping yield curve reflects the Fed’s interest rate policies.
The Economic Consequences of Loan Maturity Mismatching in the Unhampered Economy
Some economists of the Austrian School contend that business cycles are created when banks use the proceeds of short–term time deposits to create longer-term loans.
The Fed and the “Salvador Dali Effect”
The Fed does not produce work or items of value.
The Savings and Loan Debacle: Twenty-Five Years Later
Many still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations, writes Dale Steinre
Review of Complexity, Risk, and Financial Markets by Edgar E. Peters
Complexity, Risk, and Financial Markets completes Peters’s trilogy by presenting the underlying philosophical case for chaos theory, which turns out to be grounded on distinctively Austrian views
The End of Money and the Struggle for Financial Privacy, by Richard W. Rahn
The best parts of Rahn's book are those dealing with the enhancement of privacy in the digital age. These parts are realistic and encouraging.
Neither Efficient nor Animally Spirited, but Eventually Adjusting: The Stock Market According to L.A. Hahn
The Efficient Markets Hypothesis (EMH) was dealt a fatal blow by the financial crisis of 2007-2009, out of which we have witnessed a revival of Keynesian conceptions of the financial markets.
Can Agency Theory Justify the Regulation of Insider Trading?
The insider trading debate traditionally discusses the pros and cons of insider trading and draws a conclusion about the desirability or undesirability of public regulation of insider trading.
