4+ hour, 33+ min ago  (1267+ words) Most experts believe that the key driver of economic growth is total demand for goods and services. Whenever an economy shows signs of weakness, experts hold that strengthening total demand is required to prevent a recession. Thus, according to this…...

2+ day, 4+ hour ago  (313+ words) Dr. Mark Thornton warns that the monetary system may be moving toward greater digital control, persistent inflation, and a potential monetary reset. They discuss the risks they see in central bank digital currencies, programmable money, digital identity, the war on…...

2+ day, 4+ hour ago  (325+ words) Dr. Michael Rectenwald and Dr. Mark Thornton warn that the monetary system may be moving toward greater digital control, persistent inflation, and a potential monetary reset. They discuss the risks they see in central bank digital currencies, programmable money, digital…...

7+ hour, 3+ min ago  (320+ words) Bob uses U.S. economic history, centering on the greenback era, to work through some subtle but important distinctions in Austrian monetary theory. He also addresses whether free-market economies have a natural tendency toward price deflation under a commodity standard, why the…...

3+ day, 12+ hour ago  (125+ words) Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.Original article: https://mises.org/mises-wire/praxeology-within-physics-social-sciences Praxeology within a Physics of…...

3+ day, 4+ hour ago  (124+ words) Intervention begets intervention. This was the case following the American Revolution, as the consequences of inflation, credit expansion, and wartime disruptions set up for the depression of 1784 in peacetime.Original article: https://mises.org/mises-wire/depression-1784-revolutionary-inflation-and-post-revolution-depression The Depression of 1784: Revolutionary Inflation and Post-Revolution Depression…...

5+ day, 11+ hour ago  (131+ words) The crucial difference between physical “capital goods” and “capital” as an accounting concept, and how profit and loss, private property, and economic calculation steer production toward what consumers actually want. Profit and Loss, Private Property, and the Achievements of Capitalism…...

5+ day, 11+ hour ago  (163+ words) The two great confusions about money and interest, from Aristotle’s “money cannot beget money” to modern credit expansion, and how monetary manipulation by banks and governments produces inflation and the business cycle. Money, Interest, and the Business Cycle The two…...

5+ day, 7+ hour ago  (498+ words) Guido Hülsmann examines the interest rate through both economic analysis and moral theology—tracing the debate from Aristotle through Aquinas and Heinrich Pesch to the Austrian School. His conclusion overturns the traditional doctrine: interest income from voluntary lending is intrinsically…...

6+ day, 12+ hour ago  (273+ words) In the wake of Alan Greenspan's recent passing, Bob revisits two contested claims about his legacy: did the Fed under Greenspan fuel the housing bubble, and did that bubble cause the 2008 financial crisis? Related:Bob's Article from October, 2007, "The Worst…...