Mises Wire

Bill Jamieson writing in The Scotsman proposes 0.0% interest rates, and says:

From Reuters via Forbes, Greenspan says:

Ramesh Ponnuru, writing on NRO’s Blog, says: 

Not only does Mr.

After ninety years of work on the Austrian theory of the business cycle, and a shelf full of books and journal articles, it is rather alarming

“But economists don’t know accurately where the natural rate is, so how can the market?” 

The major point in Austrian Business Cycle Theory (ABCT) that Phelps examines is that it

Letter sent to WSJ:

William Pesek, Jr., of Bloomberg discusses