Lessons from Cyprus
The first lesson to be learned is not to trust pronouncements about the safety of banks.
The first lesson to be learned is not to trust pronouncements about the safety of banks.
From the session on “Studies in Economic History,” presented at the Austrian Economics Research Conference.
From the session on “Studies in Economic History,” presented at the Austrian Economics Research Conference.
A few more banking crises will likely cause confidence in the fractional-reserve banking system to evaporate.
From the session on “Advances in the Theory of Entrepreneurship,” presented at the Austrian Economics Research Conference.
A transcription of a wide-ranging lecture, full of insight as well as humor, by the great Austrian economist and social theorist Hans-Hermann Hoppe, discussing the state, anarchy, democracy, monarchy, crime, security, and more. Delivered at the 2009 Mises University.
Several Austrian economists respond to the German Central Bank's move to repatriate its foreign-held gold.
This psychological phenomenon is the “irrational” response of people living in a bubble economy.
You don't need to be a "conspiracy theorist" to see what's going on here. All you have to do is be willing to use your eyes.
The problem in Europe (and the USA) is not too much but too little austerity — or its complete absence.