The Make-Believe World of Central Banking
Thorsten Polleit explains how the Fed and the ECP are trying to create what they cannot: a growing economy with low interest rates, minimal inflation, and no business cycles.
The Fed
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There Is No Such Thing as a Fair Tax
Writes Laurence Vance: the FairTax Plan—a proposal to replace the current system of federal taxes with a national sales tax is a disaster waiting to happen.
New Face, Old Menace
By focusing on the symptoms rather than causes, there is no way that one can make an economy more healthy and prosperous.
Why Money Supply Matters
For governments in general and the US government in particular, Ludwig von Mises had a policy recommendation: do not increase the stock of money any further.
The Ascension of Bernanke Into the Clouds
How glorious and wonderful is the appointment of Ben Bernanke? Frank Shostak says not at all, because his theory is wrong.
What Does Inflation Targeting Mean?
Roger Garrison on the new Fed chairman: Bernanke's idea of "inflation targeting" is in need of some deconstruction.
Austrian Fed Chairman?
Bill Fleckenstein (MSN Money) says that the next Fed chairman should “Be well-v
Stable Money: Myth and Reality
Index targeting is widely viewed as a state-of-the-art concept, writes Thorstein Polleit. But in Mises's view, the very idea of measuring price levels toward stabilization is theoretically untenable and politically dangerous.
