A phenomenon known as the Replication Crisis is challenging the seemingly unquestionable authority and accuracy that a published study in the natural sciences is expected to have, inviting the question as to whether economists should aspire to the standards of natural scientists or to something better.
History of Economic Thought
Wednesday, August 2nd, 2017
In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank in the context of the 2008 crisis.
Thursday, July 20th, 2017
Can you name an official at a major central bank who expresses worries that inflation is now, or soon will be, too high? Can you identify any financial publication--even the Wall Street Journal--that does not report that recent inflation data have been "disappointing?" To paraphrase former Presiden
Wednesday, October 22nd, 2014
The Wall Street Journal blog reports that Cato's new Center for Monetary and Financial Alternatives will have as a goal to "challenge the central bank
Tuesday, January 29th, 2013
By Robert Higgs
Wednesday, January 16th, 2013
In this piece, Mark Thornton tries to solve the riddle: "Where is the Inflation?" by Mark Thornton
Saturday, September 29th, 2012
by Art Carden
Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today. In my humble opinion, he was the greatest social thinker of the twentieth century.
Wednesday, September 5th, 2012
“Rep. Ron Paul sponsored this Congressional lecture on “What Is the Fed’s Future?”, the final lecture in a three part series on the Federal Reserve System for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public.