“A Three-Point Plan to Save the Euro”

– April 30, 2010

“The rescue package requested by Greece will, if endorsed, buy the eurozone six months, perhaps a year at most. By then, the Greek government will have exhausted the aid and be forced to ask for more or to borrow at astronomical rates. This assumes tha …

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“Senate Ends Financial-Bill Standoff”

– April 29, 2010

“Lawmakers ended the three-day standoff holding up action on the financial-overhaul bill, setting up a Senate debate in which both sides will be maneuvering for advantage. The breakthrough came in a bipartisan agreement on a single contentious element …

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What Austrian Economics Can Tell Us about the Crisis

– April 28, 2010

The recent financial crisis has called into question several basic tenets of mainstream macroeconomics. In the words of William White, former chief economist of the Bank for International Settlements (BIS), “the prevailing paradigm of macroeconomics al …

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“Greece’s Threat to the Euro”

– April 28, 2010

“All too often in the midst of an economic and financial crisis, policymakers either engage in denial or else take flights into fantasy. Sadly, the present Greek crisis is proving to be no exception. Rather than recognising the Greek crisis for the sol …

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“The Limits of Monetary Policy”

– April 28, 2010

“History has shown that monetary stability—money growth consistent with a stable and predictable value of money—is an important determinant of economic stability. Safeguarding the long-run purchasing power of money is also essential for the future of p …

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“The Case for Auditing the Fed is Obvious”

– April 28, 2010

“Recently, the Federal Reserve has significantly altered the procedures and goals that it had followed for decades. It has more than doubled its balance sheet, paid interest to banks on reserves held as deposits with the Fed, made decisions about which …

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Wolf and Krugman Discuss Austrian Economics

– April 28, 2010

Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.

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Deflating China’s Bubble

– April 23, 2010

Reining in China’s investment boom will be hard. The Chinese authorities are damned if they do and damned if they don’t.

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In a Culture of Excess, the Fat Cats will Rule

– April 23, 2010

“Free market economists are not necessarily defenders of business. Crony capitalism has a long history. Mercantilism was a form of crony capitalism, and was the main target of Adam Smith’s critical abilities. And while modern Smithians understand how i …

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China on a Tightrope

– April 22, 2010

Economic reform requires political reform. China’s leaders must loosen control if they want harmony.

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“Academia’s War Against Free Market Money”

– April 22, 2010

“In a confrontational and much-needed LewRockwell.com article, Prof. William Anderson launched a counter-attack against mainstream academic economists’ refusal to consider seriously the Austrian School’s theory of money. Despite the fact that Ludwig vo …

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“Free Market Money – Instead of Political Manipulation”

– April 21, 2010

“Money is the most important commodity in an economic system Indeed, money ‘makes the world go ’round.’ This is because money is the general medium of exchange. We sell our products and services for money, and then use it to buy the products and servic …

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