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“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 …
READ MOREEconomic reform requires political reform. China’s leaders must loosen control if they want harmony.
READ MORE“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 …
READ MORE“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 …
READ MORE“The euro is slumping against the dollar Wednesday morning as Greek bond prices tumble and their yields surge higher against their German counterparts. The dollar is split against other major currencies, with little change against the yen, a retreat ag …
READ MORE“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Co …
READ MOREGeorge Mason University economist Lawrence H. White is writing a book on The Clash of Economic Ideas. Last summer he gave a lecture, published as a video by New Media, in which he briefly presents the outline of the book, before going more in-depth thr …
READ MOREIn this book prolific writer Mark Skousen presents the Austrian and Chicago school of economics, explaining their main views on money, business cycles and competition.
READ MOREFree markets depend on truth telling. Prices must reflect the valuations of consumers; interest rates must be reliable guides to entrepreneurs allocating capital across time; and a firm’s accounts must reflect the true value of the business. Rather tha …
READ MORE“While, in hindsight, some of the data available to the Federal Reserve and other authorities gave notice of the financial crisis, more data and a different approach to analyzing them are needed if a reliable ‘early warning system’ for future crises is …
READ MOREOur friends at the Cato Institute have offered this podcast on the financial crisis. “The Financial Crisis Grinch” Featuring Gerald P. O’Driscoll, Jr. Novermber 24, 2008.
READ MOREThe past week has been a busy one for Atlas and the Sound Money project. Since last Thursday, we have traveled from D.C. to Philadelphia to Las Vegas. It has been a hectic, but rewarding journey. The Sound Money project has been gaining support at each …
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