Financial Markets

Bob Higgs' 1997 article "Regime Uncertainty," now appears in slightly revised form as the first chapter of his 2006 book Depression, War, and Cold War.

We should not be afraid of deflation. We should love it as much as our liberties.

Deflation is a "great liberating force," writes Hülsmann, "because it destroys the economic basis of the social engineers, spin doctors, and brain washers."

The restoration of monetary freedom would also force a sharp reduction in the size and power of government.

Jeffrey Tucker interviews Mark Thornton on the current market conditions. Recorded 5 November 2008.

In a nutshell, John Maynard Keynes held that one cannot have complete trust in a market economy, which is inherently unstable. If left free, the market economy could lead to self-destruction. Hence there is the need for governments and central banks to manage the economy.

John Steele Gordon’s “short history” of banking is filled with falsehoods.

The Austrian school is the only school of thought built on a solid foundation. The Austrian school's a priori knowledge is apodictically true, and not subject to time or place.

Bankruptcy is a normal part of economic life, covered by laws that guarantee stockholders will be compensated as much as possible.