Here is a great 5 minute video where David Stockman is interviewed. It provides the historical backdrop of Ronald Reagan and the “deficits don’t matter” Republican ideology. The Fed’s bond bubble is discussed. It would make a great classroom video presentation and discussion. Most online versions of this video have the host’s final comments
Interest payments to banks (for money held on account wit the Fed) could rise from $1 billion in 2012 to $77 billion in 2016. Link to Bloomberg article . “Essentially the Fed paid the banks $4 billion last year, which is about $12 per American,” David Howden, a professor of economics at Saint Louis University’s campus in Madrid, Spain, said in an
I have found that when teaching economic principles it is important to raise questions concerning the ethical implications of those principles, the free market, and government intervention. It not only stirs the interest of students, it also helps drive home the intended lessons. In this interview , Shawn Ritenour and Lew Rockwell discuss the role
Walter Block is interviewed by Louis James, the Editor of the International Speculator. Topics include Murray Rothbard, Ron Paul, Milton Friedman, the gold standard, his new book, and how to invest during this economic
Peter Schiff makes a few calculations on Japan’s anti-deflation campaign. In the years following the global financial crisis, economists and investors have gotten very comfortable with very high, and seemingly persistent, government debt. The nonchalance may be underpinned by the assumption that globally significant countries that can print their
The Lawrence W. Fertig Prize in Austrian Economics for 2013 was awarded to Laura Davidson for her paper Against Monetary Disequilibrium Theory and Fractional Reserve Free Banking . It is a rigorous and insightful paper. The Fertig Prize is awarded to the author of a paper that best advances economic science in the Austrian tradition and includes a
Economic Policy Journal’s takeaway on the Reinhart-Rogoff fiasco: Austrian economics reject empirical data as a method to prove economic theory, for Austrians it is all about logical deductions. Thus, there is not much for Austrians to do, relative to the current Reinhart-Rogoff destruction at the hands of a U Mass graduate student, other than to
Retired Canadian economist David Laidler is interviewed by Russ Roberts on EconTalk . It is a wide ranging interview where monetarism and the financial crisis are discussed. Laidler at several points, including around the 20 minute mark says that it was the Austrians who got it right in both 1929 and 2005 and the monetarists just missed it both
Many argue the bigger the boom the greater the bust. More correct is: The bigger the boom, the greater the mis-direction of production – over consumption, and malinvestment. How devastating the bust becomes depends more on the degree of interventions which impede recovery. Thus, the greater the interventions in the economy that prevent resource
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
