Money and Banks

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.

He has succeeded in misleading almost everyone into accepting a bizarre and idiosyncratic view of the business cycle, writes Joseph Salerno.

A repeal of the inheritance tax would help everyone, even those like this author who are not likely to be taxed under present law. George Reisman makes the case.

Real "credit crunch" is threatening on the horizon, writes Hans Sennholz, and it could gravely encumber the American economy.

The inflation suffered by the colony of Rhode Island during the early eighteenth century is well-described by the word "wanton." Especially since the engineers of this inflation were the Wanton brothers, John and William, Governor and Deputy Governor of the colony at the time.

Medical Savings Accounts promised market incentives in health insurance. Congress didn't renew them, but Dale Steinreich argues they weren't so great anyway.