“A history of the Federal Reserve is a history of the decisions made and the ideas that prompted them. The chapters that follow allow the participants to explain their action and the reasons for them, in their own words. These decisions produced very d …
READ MORE“Prices rise soonest, fastest, and highest where the money is being loaned out. During the realestate boom until 2007, much of the lending went to real estate, and land values zoomed up. The Federal Reserve money monopoly does not just inflate the curr …
READ MORE“In all countries of the so-called ‘free world,’ money represents nowadays a government controlled irredeemable paper, or ‘fiat,’ money standard. The widely held view is that this money system would be compatible with the ideal of a free society and co …
READ MOREThe Obama administration thinks it has found the cure all for its economic woes. The solution: regulate, restrict and play God in the economy. (Not exactly a new strategy for government.) In usual fashion, government regulations and Fed policies bring …
READ MORE“The U.K.’s economic policy puzzle just got harder. Inflation was expected to rise in December, but not by a full percentage point to 2.9%. That is well above market expectations of 2.6% and the Bank of England’s forecast of about 2.7%. It certainly pu …
READ MORE“Examples of the move from piecemeal to comprehensive intervention are found in the 1930s after the collapse of social democratic policies in Weimar Germany and in the United States after the failed interventions of the Hoover administration. Both even …
READ MOREOn February 5, 2010, our friends at the Cato Institute will be hosting a Capitol Hill Briefing, “Greed, Irresponsibility, or Policy Mistakes: What Caused the Recession?”. Go here for more information and registration. The deadline to register is Thursd …
READ MOREMike Van Winkle interviews Professors Peter Boettke and Steven Horwitz, co-authors of the recent FEE monograph “The House That Uncle Sam Built,” about what led to the financial meltdown and the Great Recession of 2008. Go here for more. FEE Interview …
READ MORE“I use the term to mean laissez-faire banking — banking without any special government regulations or restrictions. Like free trade, it’s an ideal concept. It doesn’t refer to any specific or actual banking system, although some, like Scotland’s in the …
READ MORE“Like a post office, a central bank does useful things. That fact that it does useful things does not make either institution efficient, at least not in its present-day form as a government agency. By “efficient” here I mean “better than the alternativ …
READ MORE“Rep. Ron Paul (R-Texas), the libertarian-leaning congressman and failed 2008 GOP presidential candidate, has been suspicious of the Federal Reserve since before first entering Congress in 1976. In a 1981 article that mentioned the then-obscure legisla …
READ MORE“In my despair about the hopelessness of finidng a politically feasible solution to what is technically the simplist possible problem, namely to stop inflation, I threw out in a lecture delivered about a year ago a somewhat startling suggestion, the fu …
READ MORE250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000
Press and other media outlets contact
888-528-1216
press@aier.org
This work is licensed under a
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.
© 2021 American Institute for Economic Research
Privacy Policy
AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305