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The FedMonetary TheoryMoney Supply
The common belief is that inflation is the general rise in consumer prices. However, rising prices are a symptom of inflation, which really is expansion of the money supply.
EntrepreneurshipFiscal TheoryProduction Theory
One of the canards of mainstream economics is that only government can provide the "optimum" number of nonrivalrous, or public, goods. Austrian economists have never accepted that theory.
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Economic PolicyGlobal EconomyInflationMonetary PolicySocialism
Javier Milei has promised to make the US dollar Argentina's currency if he is elected. Whether it will help the Argentine economy is another matter.
LanguageMoney and BankingOther Schools of Thought
While supporters of fractional reserve banking claim banks inform depositors that they are really lenders (and banks are borrowers), a survey of the fine print yields says otherwise.
Global EconomyMonetary PolicyU.S. EconomyWorld History
Although there has been excitement and fanfare over the recent BRICS meetings and proclamations, it is doubtful that these economies’ performance can match their rhetoric.
Why do people become libertarians? What attracts them to Austrian economics?
Economic PolicyThe FedInflationProgressivism
With the creation of the Federal Reserve in 1913, the American people began their new "partnership" with the federal government. The results were wars, inflation, and currency debasement.