As I noted not long ago, I find myself in serious disagreement with a portion of the end-the-Fed movement. This is the segment of the movement whose complaints are that the Federal Reserve is “privately owned,” that the Fed does not inflate enough, that interest… Read More
Search Results for: inflation
Thirty-Seven Questions Later, Economist Not Yet Stumped
As I’ve said before, in nearly 20 years of asking Professor Jeff Herbener questions about economics, I have yet to stump him. His unbroken streak continues. Last night, members of LibertyClassroom.com asked him 37 questions, and we all learned quite a bit. Here’s a sample of… Read More
Be Happy With Your Cabbage and Navy Beans, Citizen
Fed Caused Our Problems…By Not Doing Enough, Says Fed Guy
Federal Reserve economist Robert Hetzel argues that the severity of the 2008 downturn was caused by the Fed’s failure to continue lowering interest rates. As usual, no downside to lowering interest rates is discussed. Certainly nothing about malinvestment, the business cycle, entrepreneurial miscalculation, etc. The mentality: big aggregates… Read More
Conservatives and the Elephant in the Living Room
One of my pet peeves is the conservative who lectures us on the “limits” of markets and looks with a self-satisfied and condescending shake of the head upon the stupid rubes he must endure who persist in supporting the market all the same. Why, haven’t… Read More
Hamilton’s Curse
Russ Osborn writes: It sounds like the critic you were sparring with might come from the Lyndon LaRouche circle that favors a return to a Hamiltonian-style national bank. I have encountered a growing number of these people, especially in labor union circles. They seem to think that a national bank, controlled… Read More
We Austrians Are Shills for the Bankers, Says Critic
So I’m minding my own business on Twitter — where you can follow me @ThomasEWoods , by the way — and some guy starts suggesting that the Austrian School economists are just shills and apologists for the bankers. I restrained myself from asking which Austrian books… Read More
Now With 25% More Awesomeness
My Liberty Classroom now features an instantly downloadable course in Austrian economics, taught by the great Jeffrey Herbener, senior fellow of the Ludwig von Mises Institute. As with all our courses, it’s available in audio or video format, according to your preference. Here’s what it looks like:… Read More
You Owe Your Success to the State, Citizen
Over on my Facebook page , someone pointed out a review of a new book called The Self-Made Myth: The Truth About How Government Helps Individuals and Businesses Succeed . Not having read the book, I don’t know whether it or the review itself is more grating, but I bet it’s close. The review, at least, is an exercise in question-begging, gratuitous assumption, and… Read More