In an age when deflation is widely feared and the threat of deflation serves as a justification for radical policy proposals, Bordo and Redish have done a great service in showing that deflation is not harmful to the economy,
In The Mystery of Banking, Murray Rothbard explained how the origins of central banking in the US were rooted in a lobbying effort by Robert Morris and other “nationalists”
Margo concludes what Austrian economists have surmised all along, namely that the rise in real wages during this period very closely approximated the rise in worker productivity.
Sumner was the product of an indigenous American hard-money tradition that embraced free markets, free trade, and sound banking
This article offers an analysis of the causes of the subprime crisis, explaining that it is not an isolated incident and that we should concentrate our attention on the Fed’s monetary policy
Adam Smith noted in 1776 that “What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.”
The purpose of this paper is to discuss the monetary philosophies of some of the leading Jacksonian economic theorists, as revealed during their op
On October 29, 1929, the roof fell in on the booming American economy.
A government is a territorial monopolist of compulsion — an agency which may engage in continual, institutionalized property rights violations and
In his seminal work, “The Problem of Social Cost,” Coase held that in cases of private property right disputes involving what have been
