The Austrian
If the first issue is any indication, they will live up to their promise of a "bolder and more robust version of what you have known for decades."
If the first issue is any indication, they will live up to their promise of a "bolder and more robust version of what you have known for decades."
When a central bank devalues a currency, it is often said that the devaluation will help exporters, and thus the whole country, as a result. But this simplistic analysis ignores the many downsides of inflating the currency.
Now that the gross federal debt has surpassed $18 billion—six times the amount that troubled us back in 1990—we can clearly answer the two questions posed by the symposium's organizers: yes, a large and growing federal debt does matter; and no, we can do nothing about it.
Today's Mises Daily: Many people think of their investments and their money in the bank as their savings, but savings and money are not the same thing. Nor will creating more money create more savings.
Discussed by Michael Oliver on Jay Taylor Radio.
The banking system in the United States today functions largely as a spy agency for the federal government.
Today's Mises Daily: Economist Philipp Bagus talks with us from Europe about the Swiss franc, the euro, and what the future holds for the debt-laden governments of the Eurozone.
Ambrose Evans-Pritchard details the increasing level of Greek defiance to its ECB overlords in the wake of a left-wing, populist uprising in recent Greek elections.