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Fraud. Why the Great Recession?
Watch this crowdfunded documentary produced by Austrian school economist Jesus Huerta de Soto, author of "Money, Bank Credit, and Economic Cycles," on what caused the Great Recession. Click to watch it free online.
Monthly Archives: January 2013
Higher Order Goods in Bread Production
The following table shows the complex web of goods and services that are supplied and demanded to produce bread. Bear in mind that each of the items listed below have their own production structure that may be more complex than … Continue reading
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Bob Murphy on his inflation bet
Bob Murphy speaks up for himself about his lost CPI inflation bet in a comment on EPJ. Bob MurphyJanuary 1, 2013 at 8:43 AM Thanks Bob W. Just a few clarifications everybody: (A) I made the bet with David Henderson … Continue reading
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Tagged Bob Murphy, EPJ, inflation, monetary policy, Money Printing, QE
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The Economist’s EPO
To an economist, the equivalent of a cyclist using the performance enhancing drug EPO, is MRH. Mises. Rothbard. Hoppe. Best taken intravenously to the brain.
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Timeline of the History of Economic Thought
I’ve been playing around with online timeline visualisations recently as well as reading Rothbard’s Austrian History of Economic Thought. I think they can be combined to form a lethal mix: an online interactive timeline of Rothbard’s History. I’ve almost covered … Continue reading
The Currency War for Dummies
My new article out on www.mises.co.za. The world is in a currency war. What is that? It’s when governments devalue their currencies in order to protect domestic industries against foreign competition. They believe that if their exchange rate is weaker … Continue reading
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Tagged central bank, currency wars, fractional reserve banking, inflation, monetary policy, Money Printing, trade
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Austrian Methodology: The value of the sound thought experiment
From Robert Higgs over at Circle Bastiat. Austrian Economics—the Queen of the Experimental Sciences By Robert Higgs Wednesday,January2nd,2013 My greatly esteemed friend Vernon Smith turned 86 years of age yesterday. Vernon is, among other things, the leading figure in the … Continue reading
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Life in a Walrasian-General-Equilibrium town
Excerpted from an interview by the Austrian Economics Newsletter with Murray Rothbard Austrian Economic Newsletter: What about conferences during the early seventies? Murray Rothbard: The first was conducted at Cornell, the summer of 1973. Forest MacDonald and myself were giving papers. At … Continue reading
Re: Blood Sucking Vampire
Henry: Excellent and important post. Most people think State enterprises can be numbered on one hand when in fact there are quite literally hundreds of them. It would be fascinating to know how many people are employed by all these … Continue reading
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