Money and Banks

The Santa Monica City Council seems to think that government can work miracles by passing them into law, with the blessing of economists. Lew Rockwell explains.

The Sacagawea $1 coin was introduced with great fanfare. But so far as anyone can tell, it has disappeared. What happened? Burt Blumert explains.

The European currency is stuck in a rut because governments have insisted on using the conversion period as an excuse to collect more in taxes. Hans Sennholz explains.

Roger Garrison’s long-awaited book compares and contrasts Austrian business cycle theory with a number of other approaches, 

Greenspan has lowered rates again, but he can't know if he has done the right thing. Under the far-superior gold standard, such questions never came up. Lawrence Reed explains.

Tax cuts are great, but there is a missing element in Bush's budget: any attempt to cut outlays. New spending must be paid for somehow, someday, writes Frank Shostak.

A former Fed chairman explains how the stock-market bubble has changed American values for the worse. Gregory Bresiger reports.

If millions of mutual investors should stampede out of their holdings, would they cause a "mutual fund death spiral"? Under the Investment Company Act, the SEC is authorized to suspend the redemption obligation.

Mises's "regression theorem" demonstrates that money must have a preexisting demand as a commodity. What does that tell us about the hype over proposed digital currencies? Timothy Terrell explains.

Dinesh D'Souza's new book on the moral conundrum of success is one of the best popular treatments on the cultural meaning of prosperity to appear in many years. Reviewed by Jeffrey Tucker.