The Federal Reserve and the Financial Crisis, by Ben S. Bernanke
There is trouble lurking in each of the book’s four chapters. The text gets off on a wrong foot as Bernanke overviews the origins and purposes of the Fed.
Money and Banks
Displaying 1671 - 1680 of 2823
The Savings and Loan Debacle Twenty-Five Years Later: A Misesian Re-Examination and Final Closing of the Book
August 9, 2014 marks the twenty-fifth anniversary of the signing into law of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 by U.S. President George Herbert Walker Bush. FIRREA was enacted to clean up the savings and loan (S&L) financial debacle of the 1980s. In articles, books, symposia, and papers written in the wake of the debacle, popular media and mainstream financial economists each provided explanations of the debacle. This paper analyzes and rejects these explanations in favor of an alternative based on Ludwig von Mises’s observation that market interventions create unintended consequences that usually lead to more interventions that in turn create new waves of unintended and worsening consequences until no more interventions are possible.
Mercantilism Never Went Away
The debate over the Export-Import Bank continues, with the bank’s friends in Congress and other high places claiming that the Bank serves an
Big Mac and the Dollar
Using McDonals’s Big Mac as the standard, the US Dollar looks relative firm compared to some other currencies.
From Monetary Nationalism to Monetary Imperialism: Fractional Reserve Banking and Inter-Government Cooperation
This article has a twofold purpose. Its first goal is to pay tribute to Friedrich von Hayek as an outstanding monetary theorist. Its second objective is to further elaborate, on the ground of Hayek’s main findings,
The End of Money and the Struggle for Financial Privacy, by Richard W. Rahn
The best parts of Rahn's book are those dealing with the enhancement of privacy in the digital age. These parts are realistic and encouraging.
Ludwig von Mises on the Gold Standard and Free Banking
George Selgin and Lawrence White have sought to tie their modern free banking school to the views of Ludwig von Mises. Whatever the validity of their own views on the gold standard
An Austrian Taxonomy of Deflation—With Applications to the U.S.
Whether the current recovery will strengthen, which appears to be the prevailing consensus, or whether unforeseen events in the financial arena abort it prematurely,
Review of Ludwig von Mises als Pionier der modernen Geld und Konjunkturtheorie by Carsten Pallas
The present work is a doctoral dissertation written at the University of Hamburg. It deals with Mises’s work on monetary economics and business cycle theory.
Fractional Reserve Banking: Some Quibbles
We explore several unaddressed issues in George Selgin’s (1988) claim that the best monetary system to maintain monetary equilibrium is a fractional reserve free banking one.
