Money and Banks

The Fed would have us believe that it has am impressive record of success in preventing recessions and improving the economy. The actual historical record suggests otherwise.

Zimbabwe, in the aftermath of years of hyperinflation, today has nine different currencies that are officially legal tender. The emerging system of multiple currencies offers a chance to make some interesting observations.

Today is the 20th anniversary of the death of Murray Rothbard. 

Our #1 show of the year is Patrick Barron in a two-part interview on the end of US dollar supremacy.

Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.

Jeff Deist and Peter St. Onge discuss some of the fundamental questions about money in this electronic age.

Are Rising Subprime Mortgages a Small Sign of Big Things to Come?

The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.

The Central Bank of Canada Warns of Housing Bubble

If cryptocurrencies like bitcoin are being used as money, and if Carl Menger correctly tells us that money must have some kind of antecedent value, then as economists it becomes our job to discover what exactly is that antecedent value. A fresh reading of Menger's Regression Theorem provides several insights.