Money and Banks
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Paper Money, Taxes, and War
With a Republican president running sky-high debts, unleashing wars, imposing protectionist trade edicts, and risking the nation’s financial future, sometimes it feels like the 19th century all over again, specifically the year 1861 and following. The 1860 election of Abraham Lincoln sparked a secession movement in the southern states. In December, South Carolina seceded, and other Deep South states soon followed. Interstate commerce was disrupted, and many northeastern banks suspended specie payments. The atmosphere was one of grave political and economic crisis. Many feared war; many feared the unknown.
How Healthy Are the Banks?
Greenspan says the banks are in great shape. Frank Shostak, however, notes signs of deterioration.
Theory Meets Praxis: The Austrian Business Cycle Theory in Today’s Economy
Sean Corrigan presents The Henry Hazlitt Memorial Lecture at the 2004 Austrian Scholars Conference.
Includes Question and Answer period.
Argentina’s Paper-Money Mire
Grant Nülle tells the story of a nation ruined by debt, fiscal profligacy, and paper money—with the IMF and the US as the enabler.
Inflation Leads to Protectionism
The current American current account deficit, writes Stefan Karlsson,reflects dangerous policy trends.
