Dr. David Howden: Let Banks Fail! (Central and Otherwise)
Jeff Deist and David Howden discuss the history of banking in America before 1913 and the entanglements of the Federal Reserve.
Jeff Deist and David Howden discuss the history of banking in America before 1913 and the entanglements of the Federal Reserve.
In recent years, we’ve seen more and more Austrian-tinged economic analysis. There has been tremendous growth in interest in Austrian economics among financial professionals.
It’s difficult to envisage a downward-sloping yield curve in an unhampered market economy since this would imply that investors are assigning a higher risk to short-term maturities than long-term maturities. But in today’s economy, an upward or a downward sloping yield curve reflects the Fed’s interest rate policies.
Some economists of the Austrian School contend that business cycles are created when banks use the proceeds of short–term time deposits to create longer-term loans.
Many still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations, writes Dale Steinre
In this article, the prime concepts are based on the Mises-Hayek theory of the business cycle. Using this model as the general framework for analysis, additions and modifications are introduced reflecting theoretical advances and current problems
Complexity, Risk, and Financial Markets completes Peters’s trilogy by presenting the underlying philosophical case for chaos theory, which turns out to be grounded on distinctively Austrian views
The Efficient Markets Hypothesis (EMH) was dealt a fatal blow by the financial crisis of 2007-2009, out of which we have witnessed a revival of Keynesian conceptions of the financial markets.
This is part II of a two-part paper in which a critique is offered of the private right to free incorporation from a classical liberal or libertari