Money and Banks

The mixing of politics and business not only is detrimental to politics, as is frequently observed, wrote Ludwig von Mises in 1926, but even much m

Bankruptcy is a normal part of economic life, covered by laws that guarantee stockholders will be compensated as much as possible.

The idea of private coinage seems so strange today that it is worth examining carefully.

Hamiltonian mercantilism is essentially the economic and political system that Americans have lived under for several generations now.

This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped.

From The Journal of Ayn Rand Studies Vol. 6, No. 2, Spring 2005.

Leading Austrian Economists discuss Henry Hazlitt's classic book Economics in One Lesson. Interview 11 of 12.

This wasn’t an economic plan: it was a heist.

With the US housing crisis metamorphosing into a full-blown financial crisis in the United States and Europe and the specter of a global stagflation looming larger every day, the Fed's credibility and reputation is evaporating with the value of the US dollar.