Tag Archives: austrian_school_economics

David Howden’s Review of In Defense of Deflation by Philipp Bagus

‘While Keynesians attribute deflation to an aggregate demand deficiency, and monetarists are wont to see contractions to the money supply or drops in the velocity of money as the culprit, Bagus takes the reader through a more nuanced view of … Continue reading

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Eugen von Böhm-Bawerk: Leading Austrian Economist and Finance Minister of Fiscal Restraint by Richard M. Ebeling

‘We live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when even those who served in government defended limited and smaller government, one of them being the … Continue reading

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Brazil’s Easy-Money Problem by Lucas Vaz

‘Brazil is undergoing what is considered its worst economic crisis in seventy years, and there is usually no agreement when it comes to the causes of this situation. President Rousseff and the Labor Party say that it was the corollary … Continue reading

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Robert Murphy: Human Action

Robert Murphy: Human Action ‘This weekend, we feature a lecture by Dr. Robert Murphy that was recorded at our inaugural Mises Boot Camp this past summer. Bob gave an introductory talk that sets the Austrian framework, and lays out how … Continue reading

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The Absurdity of Negative Interest Rates by Paul-Martin Foss

Note that it is only the Austrian school of economics that has a correct view of the natural rate of interest such that the concept of a negative natural rate of interest is an impossibility. This view is due to … Continue reading

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Why Gold-Backed Money Doesn’t Bring Booms and Busts by Frank Shostak

Frank Shostak wrote a fantastic article about commodity money, unbacked money substitutes, and the demand for money. Shostak always writes interesting articles, but this is one of his best. ‘Real Money versus Money “Out of Thin Air” Let us now … Continue reading

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How Money Disappears in a Fractional-Reserve Money System by Frank Shostak

‘Most experts are of the view that the massive monetary pumping by the US central bank during the 2008 financial crisis saved the US and the world from another Great Depression. On this the Federal Reserve Chairman at the time … Continue reading

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