With a new funding package in place, the Jeddah Tower — on track to be to be the world’s next tallest skyscraper — is moving forward. Will it prove to be like the Burj Khalifa tower and signal the next bust?
The signatures have been collected and submitted paving the way for a vote to establish 100% reserve banking in Switzerland.
As an exciting year comes to a close, we want to thank all of our incredible members that allow us to do the work we do in advancing Austrian economics, freedom, and peace.
Former Mises Fellow and current economics professor Mateusz Machaj discusses free market reforms in Poland, central banking, and the lack of Polish appetite for joining the eurozone.
Even when a boom is obvious, it is still in the interests of individual owners and consumers to keep it going.
In a recent exchange with Janet Yellen, Senator Ted Cruz blamed the Fed for being too "tight" with monetary policy, thus causing the financial crisis of 2008. Cruz is right that the Fed was at fault, but he's wrong about how.
ZIRP has created massive asset bubbles throughout the world economy, but also has a diabolical impact on ordinary people who are largely disconnected to the bubbles.
Central bankers would have us believe that creating money “out of thin air” is no problem as long as the “demand for money” increases. They also claim that gold-backed money is more prone to booms and busts. But they’re wrong on both counts.
Opponents of austerity have come out to denounce the idea that it’s bad for governments to borrow. They note that there are benefits to borrowing. The distinction they fail to make is that there’s a big difference between private borrowing and government borrowing.
In this audio book, Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it.
