Once a recession sets in, markets can only repair themselves if prices — including wages — are allowed to fall where necessary. The resulting increases in real interest rates are the key to spurring new economic activity.
Jeff Deist and Paul-Martin Foss discuss we should end the Fed.
Europeans have long been fearful of the prospects of price deflation, but now that it has arrived they have embraced it.
The Fed has been messing with interest rates for a century and suddenly they have forgotten how to raise interest rates?
One great thing about innovation in gaming is that the more complex and realistic games get, the more they begin to mirror real-world economic principles.
We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate.
Data from Japan, Spain, Greece, and the Netherlands all suggest that deflation is not the disaster many economists suggest it is. In fact, there's good reason to believe that economies really start to take off when prices fall the most.
There are many risks to the dollar out there, but a more valuable euro isn't one of them.
The 2015 F.A. Hayek Memorial Lecture.
David Rapp discusses his recent book, Zur Sanierungs- und Reorganisationsentscheidung von Kreditinstituten.
