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.
U.S. Economy
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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.
Review of A Perilous Progress: Economists and Public Purpose in Twentieth-Century America, by Michael A. Berstein
Every economist who regards himself or herself as a free-market theorist and advocate should acquire, read, and retain this paean to planning and interventionism as a valuable reference—especially if he or she is also a political libertarian.
Review of The Age of Turbulence: Adventures in a New World, by Alan Greenspan
Kaza reviews Alan Greenspan's book The Age of Turbulence: Adventures in a New World. Kaza asks "Which social acquaintance will defend Greenspan against the charge the seeds of the greatest
Review of A History of the Federal Reserve, Vol. 2: Book 1 (1951–1969), Book 2 (1970–1986), by Allan Meltzer
Arthur Burns, Federal Reserve chairman (1970-1978), delayed Murray Rothbard's doctoral dissertation at Columbia University in the mid-1950s. Rothbard (1969) later observed
Are There Grounds for Limiting Immigration?
Is there any “good” reason for a country such as the U.S.
Boom and Bust: The Political Economy of Economic Disorder
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.”
Austrian Perspective on Some Leading Jacksonian Monetary Theorists
The purpose of this paper is to discuss the monetary philosophies of some of the leading Jacksonian economic theorists, as revealed during their op
Matter of Degree, Not Principle: The Founding of the American Liberty League
On October 29, 1929, the roof fell in on the booming American economy.
The Political Economy of Monarchy and Democracy, and the Idea of a Natural Order
A government is a territorial monopolist of compulsion — an agency which may engage in continual, institutionalized property rights violations and
