Financial Markets

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.

Jeffrey Tucker interviews Bob Murphy. Recorded 21 October 2008.

Jeffrey Tucker interviews Jesus Huerta de Soto on the current market conditions. Recorded 14 October 2008.

A return to sound money is needed. This would, as outlined by many Austrian economists, require putting an end to government's monopoly over monetary affairs.

By outlawing short selling, the Securities and Exchange Commission outlawed a practice that produces information necessary for financial markets to function smoothly.