World War II Did Not End the Great Depression
The illusion of wartime prosperity is rooted in how national income was calculated and in how the statistics were compiled, writes Art Carden.
Booms and Busts
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Foreword to The Tragedy of the Euro
It is a great pleasure for me to present this book by my colleague Philipp Bagus, writes Jesús Huerta de Soto.
The Moral Hazard of the Euro
It is a great pleasure for me to present this book by my colleague Philipp Bagus.
13. The Marxian System, II: The Economics of Capitalism and its Inevitable Demise
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
13. The Marxian System, II: The Economics of Capitalism and its Inevitable Demise (continued)
From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.
Seeing Like a State
Government planners developed a particular aesthetic obsession: they were frustrated by the untidy complexity of real human societies, writes
Why Is Unemployment So High?
What makes the current economy so awful is not that there is unemployment, or that there are unsold houses. Rather, things are bleak because it is so unusually difficult for workers to find buyers of their labor services, and for home owners to find buyers of their houses.
The End of Sound Money and the Triumph of Crony Capitalism
The triumph of crony capitalism occurred on October 3rd, 2008. The event was the enactment of TARP — the single greatest economic-policy abomination since the 1930s, or perhaps ever. It was justified as a last-resort exercise in breaking the rules to save the system.
Three Flawed Fed Exit Options
Can the Fed gracefully exit from the huge hole it has dug for itself? Unfortunately my answer is no.
58. Depression and the End of the Gold-Sterling-Exchange Standard: 1929-1931
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
