Cyprus and the Unraveling of Fractional-Reserve Banking
Reprinted from Mises.org The “Cyprus deal†as it has been widely referred to in the media may mark the next to last act in the the slow motion collapse of fractional-reserve banking that began with...
View ArticleA Substandard Golden Rule
Reprinted from LewRockwell.com The gold “price rule” denotes the monetary reform proposal put forth in various forms by a number of supply-siders, including Arthur Laffer,[1] Robert Mundell,[2] and...
View ArticleYippee! More Bank Runs in the Future!
Reprinted from LewRockwell.com Robert Lenzner of Forbes advises that you and I will be blindsided by the next financial crisis. Lenzner bases his reasoning on Yale economist Gary Gorton’s recent book...
View ArticlePlundering The Provinces
Reprinted from the Circle Bastiat While incomes and living standards in the rest of the U.S. have been declining since the beginning of the new millennium thanks to the ever-increasing depredations of...
View ArticleJanet Yellen, the “Pink Dream,” and a Coming Economic Nightmare
Reprinted from Mises.org On Monday, former Fed official Andrew Huszarpublicly apologized to the American public for his seminal role in executing the Quantitative Easing (QE) program, a program he...
View ArticleThe Myth of the Unchanging Value of Gold
Reprinted from Mises.org According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of...
View ArticleHow Reducing GDP Increases Economic Growth
Reprinted from Mises.org Recently, the Financial Times published an article containing charts displaying the correlation between government spending and real GDP growth.1 Based on these correlations,...
View ArticleThe War on Cash Destroys a Small Entrepreneur
Reprinted from LewRockwell.com Lyndon McClellan is a small entrepreneur who owns and operates L & M Convenience Mart in Fairmont, North Carolina. L & M comprises a gas station, convenience...
View ArticleHayek on the Business Cycle
[Introduction to Prices and Production and Other Works by F.A. Hayek. Reprinted from Mises.org] Friedrich A. Hayek was barely out of his twenties in 1929 when he published the German versions of the...
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