“Obama’s Budget and It’s Discontents” – Bloomberg
“The President’s budget is informed by his belief that government has a strategic role to play in guiding the economy. That means in some cases picking winners and losers and directing capital to individual industries and technologies that have a shot …
READ MORE“Lost in a Maze of Monetary Aggregates” – Mises Daily
“One of the most important concepts in economic theory is the quantity of money. However, when going from theory to practical application, things get messy. In the real world, it’s not obvious how to count up the amount of “money” in the economy at any …
READ MORE“Can Austrian Theory Explain Construction Employment?” – Robert Murphy
“As a service to readers of the Mises Daily, I immerse myself in the sometimes-stultifying skirmishes of the economics blogosphere. Recently, those arguing that the solution to our current economic woes involves a pumping up of “aggregate demand” seem …
READ MOREStylized Facts, Public Policy and the “Crack Up Boom” – Peter Boettke
“In reading Mises I am always struck by how fresh he still reads, and how relevant his analysis of contemporary policy in the first half of the 20th century still is relevant for us at the beginning of the 21st century. Of course, there is the enduring …
READ MORENo Doubt Ben Bernanke Is Sincere, But What If He Is Sincerely Wrong?
“As you no doubt know, Ben Bernanke gave an interview tonight on CBS 60 Minutes. Let me stress once again, as I have in the past, that I consider Ben Bernanke one of the most genuinely nice guys among elite economist I have had the good fortunate to me …
READ MORE“The Dance of the Dollar” – Steve Hanke
“The dance of the dollar counts — and it counts a lot. With few exceptions, when the dollar weakens against the euro, commodity prices soar, and when the dollar soars against the euro, commodity prices plunge. Every commodity trader knows the importanc …
READ MORE“The Triumphant Return of Hayek” – Newsweek
“Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynes’s solution for the Great Depression—heavy government spending to resuscitate the economy—was also the answer t …
READ MORE“Here’s Why the Fed Plan Is Failing: We’re All Austrians Now” – CNBC
“We may all be Austrians now. Not since the New Deal has Austrian economics enjoyed the political popularity it does now. Austrian economists are awfully popular with the Republican Party, especially its Tea Party wing. Peter Schiff, the Austrian econo …
READ MORELarry White on the Business Cycle
Peter Boettke over on Coordination Problem posted an excellent video of Larry White discussing the Austrian theory of the business cycle. Enjoy!
READ MOREI’ll Side With Mises: Would Friedman’s Logic Lead Us to QE2? – Peter Boettke
“For some of the reasons that have been supported here by Steve and George, a WSJ editoral argues that Milton Friedman’s monetary policy analysis could be used to defend QE2 in our current economic context. I remain unpersuaded that any of these argume …
READ MORE“Monetary Theory and the Trade Cycle” – F.A. Hayek
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to dec …
READ MORESound Money at the Liberty Forum! Nov. 10
In The Constitution of Liberty, F.A. Hayek advised: “All those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy”. Sound Money will have a special panel during Atlas’s upcoming Liberty Fo …
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