Blaming That Cold Weather Culprit
The Fed and it’s friends blamed cold weather for much of the year’s lackluster economic growth.
U.S. Economy
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Automation: The Retreating Catastrophe
Amateur social scientists such as Norbert Wiener (a professional mathematician) predicted, in 1949, that we faced “a decade or more of ruin a
Review of From Mutual Aid to Welfare State: Fraternal Societies and Social Services, 1890–1967, by David Beito
From Mutual Aid is not, nor does it intend to be, a comprehensive study demonstrating the superiority of private social welfare efforts over government programs.
The Great Depression: Mises vs. Fisher
Ludwig von Mises established the foundations of modem Austrian economics while Irving Fisher established the foundations of modem mainstream macroeconomics and central bank policy.
A Critique of MacKenzie, Not an Endorsement of Hoover: Reply to Vedder and Gallaway
Vedder and Gallaway's (2011) rejoinder to my comment on MacKenzie (2010) seems to fundamentally misunderstand both my comment's argument and the contribution of Rose (2010).
An Austrian Taxonomy of Deflation—With Applications to the U.S.
Whether the current recovery will strengthen, which appears to be the prevailing consensus, or whether unforeseen events in the financial arena abort it prematurely,
Industrial Employment and the Policies of Herbert C. Hoover
Most historians claim that Herbert Hoover adhered to a policy of laissez faire after the stock market crash of 1929. This laissez faire policy is allegedly responsible for the severity and persistence of unemployment
Review of In Restraint of Trade: The Business Campaign Against Competition, 1918-1938 by Butler Shaffer
Butler Shaffer's well-written monograph, In Restraint of Trade, describes in extensive detail why and how most businessmen pleaded for the government to tame them between the end of World War I and the eve of World War II.
Review of A History of the Federal Reserve, Volume 1: 1913–51, by Allan H. Meltzer
Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy.
Hoover and Wages in the Depression: A Comment on Douglas MacKenzie: A Rejoinder
It is suggested in Daniel Kuehn’s article in this issue (2011) that MacKenzie (2010) is wrong about Hoover’s effectiveness in pushing a high wage policy that caused high unemployment.
