Monetary Theory

In February, the money supply fell slightly, but remains steady thanks to a continued influx of Treasury deposits at the Fed.

Former Mises Fellow Mateusz Machaj has published a new paper, "Can the Taylor Rule be a Good Guidance for Policy? The Case of 2001–2008 Real Estate Bubble" in the journal Prague Economic Papers.

Asking wealthy elites to provide opinions about central banking generally results in reticence on their part. After all, many billionaires became rich or stay rich only because the global economy has been "financialized".

In this excerpt from his brilliant Mises: The Last Knight of Liberalism, Guido Hülsmann illustrates how Carl Menger's experience as a financial journalist led to his developing the revolutionary foundations of the Austrian school of economics.

An interview with Dr. Mark Thornton on the View Point radio program.

More credit expansion to keep the current easy-money induced boom going is only delaying the inevitable.

In his book Never Let a Serious Crisis Go to Waste, Philip Mirowski correctly diagnoses many problems with neoclassical economics. The reader soon notices, however, that Mirowski doesn't know the difference between Austrian economists and neoliberals.

The crash of 1929 came after a decade of interventionist politics following world War I. "Free markets" were blamed anyway. Decades later, we pursue even more interventionism, and when it fails, we blame "free markets" all over again.

Learn the fundamentals of the Austrian school.

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2015.