Financial Markets
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What Does the High Price of Gold Mean?
Gold is not money, writes Sean Corrigan, and this is one reason we are on a path where genuine entrepreneurialism and the creation of real wealth are very much hampered.
The Production of Security
Molinari’s article is the first presentation anywhere in human history of what is now called “anarchocapitalism.”
Uncertainty and Its Exigencies: The Critical Role of Insurance in the Free Market
Hans-Hermann Hoppe explains the neglected role of insurance in a free market economy. Any insurance involves the pooling of individual risks by the market, a task the state can only distort.
Aren’t Deficits Another Name for Saving? Nope.
Robert Murphy says that linking government deficits to private savings and growth is not merely inaccurate; it is exactly backwards.
Central Bankers Debate Asset Bubbles
Should central bankers actively undertake to burst asset bubbles, or should they stand around and watch them run out of steam, then try to clean up
the myth of zero risk T bills and Landsburg’s experience
On p.557 of Steven Landburg’s Price Theory and Applications (6th international edition), I find this:
