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
The Origins of the Federal Reserve
The financial elites of this country, notably the Morgan, Rockefeller, and Kuhn, Loeb interests, were responsible for putting through the Federal Reserve System, as a governmentally created and sanctioned cartel
Deflation Teaser? Klondike Bars and the Golden 90s in Canada
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,
A Note on the Machiavellian Origins of Central Banking in America
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”
Review of Wages and Labor Markets in the United States, 1820-1860, by Robert A. Margo
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.
William Graham Sumner: Monetary Theorist
Sumner was the product of an indigenous American hard-money tradition that embraced free markets, free trade, and sound banking
