Financial Markets

Mises said that such a monetary policy would ultimately end in the destruction of the exchange value of money.

Inflation, in case we've forgotten, is robbery by another name.

Here's what I would like to see: the whole of Wall Street rising up against the Fed and demanding that it turn off the spigots and let the economy get back on an even keel. Let the correction happen and let profits and wages fall in the overblown sectors.

As late as 1999, oil was trading at $10 per barrel and gold at $250 per ounce, down from their nominal peaks in 1980 of $39 and $850 respectively.

The Fed's likely continuation of its inflation in an attempt to solve the problems created by its previous inflation and the consequence that this will drive down the value of the dollar on foreign exchange markets will provide momentum for the commodity-price boom for some time.

Today it was announced that the Securities and Exchange Comm

The FHLB is a welfare-state institution to the bone.

Peter Eavis has an interesting piec

The Hans Sennholz Memorial Lecture, delivered at the Austrian Student Scholars Conference hosted by Grove City College; 2 November 2007.

According to Greenspan, the Fed doesn't have much control over long-term interest rates.