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On Wednesday, I posted a Wall Street Journal article on the EU’s plan to levy taxes on banks that would fund a bank bailout system. The article states, But the commission is adamant that the funds shouldn’t be used to pump capital into banks or for ot …
READ MORE“Professor Steve Horwitz gives a talk on Capital and Its Structure to the student of the Advanced Austrian Economics seminar in Irvington, New York.” Listen here. Mentary Equilibrium Theory Steve Horwitz Advanced Austrian Economics Via the Foundation …
READ MORE“As a long-standing critic of the concept of a single European currency, I have not rejoiced at the current problems in the eurozone that threaten the very survival of the euro. Before discussing the events surrounding the Greek debt crisis further, I …
READ MOREThe willingness to work for the sake of future prosperity is a universal human quality, but people must believe there is a link between effort and reward. The euro is beset with fiscal calamities that threaten its downfall, and markets in the U.S. are …
READ MORE“How does monetary policy affect the U.S. economy? The point of implementing policy through raising or lowering interest rates is to affect people’s and firms’ demand for goods and services. This section discusses how policy actions affect real interes …
READ MOREIsrael Kirzner presents an excellent piece on entrepreneurship for the students at the Advanced Austrian Economics seminar hosted by the Foundation for Economic Education. Given today’s regulation of financial markets and other steps taken to “prevent …
READ MORECreating fears about declining M3 in order to encourage another round of monetary expansion and government spending? Take a look at http://www.telegraph.co.uk/finance/economics/7769126/US-money-supply-plunges-at-1930s-pace-as-Obama-eyes-fresh-stimulus. …
READ MORE“Zimbabwe’s hyperinflation is destroying the economy, pushing more of its inhabitants into poverty and forcing millions of Zimbabweans to emigrate. Since 1997, inflation has surged by 1,030,217%, while living standards (as measured by real GDP per capi …
READ MORE“Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book explores how this could work in practice by examining how this has worked historically, speci …
READ MORE“The European Commission Wednesday proposed that each European Union government levy a tax on its banks and use the proceeds to create a fund dedicated to ensuring the “orderly failure” of troubled banks. The proposal would create a European network of …
READ MORE“Over the past several years, the nation has experienced its most severe financial crisis since the Great Depression of the 1930s. To stabilize financial markets and institutions, the Federal Reserve System used its traditional policy tools to reduce s …
READ MORE“A top Federal Reserve official said on Tuesday that European debt woes pose a risk to the US economic recovery, but expressed confidence the danger of contagion was small. ‘It’s hard to see a banking crisis,’ St. Louis Federal Reserve Bank President J …
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