If cryptocurrencies like bitcoin are being used as money, and if Carl Menger correctly tells us that money must have some kind of antecedent value, then as economists it becomes our job to discover what exactly is that antecedent value.
Today's USA Today includes a Q and A about falling oil prices which hints at how the feds and the media will frame the discussion over the economy in coming months.
Grove City College will host the eleventh annual Austrian Student Scholars Conference, February 20-21, 2015.
The only real long run solution to Fed generated higher inflation, slower growth and instability is institutional reform that would support a bottom up movement driven by competition in currencies and eventually a market determined sound money.
Rothbard was right on the medieval scholastics.
At a recent conference on cybercrime, Judge Richard Posner, a well-known federal appeals court judge and one of the founders of the “law and economics” movement, said that the needs of national security trump a supposed right to privacy.
As in many other towns all over the country, the college town of Columbia, MO, was "plagued" with on-demand, inexpensive rides through the Uber network.
Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.
The most recent job report appears, on the surface, encouraging news for the U. S. economy.
81 years ago. The federal government may one day take notice.
