The Fed

Current monetary policy, writes Frank Shostak, is based on a theory of Knut Wicksell. How does Wicksell stack up to Mises?

There are some bright spots in the American economy, but look beneath the surface. Stefan Karlsson warns that the downside of bad policy may have been merely postponed. 

Recorded 10/15/2004 at Radical Scholarship: The Guerrilla Movement for Liberty.  

Under Alan Greenspan's rule at the Fed, the function of the central bank as a bailout institution has experienced a new golden age, writes Antony Mueller. 

Cast aside all the trumped up claims concerning the power of the central bank to achieve price stability, writes Antony Mueller.

Gilligan's Island economics can provide useful thought experiments, writes B.K. Marcus, for the same reasons Robinson Crusoe economics has served as a staple of classical and Austrian School economics texts.

Just when the supposed threat of disinflation passed, now comes another frightful creation from the fearsome flation family: stagflation. Sean Corrigan explains.

Joseph Salerno writes about a long-term look at this conventional wisdom that shows that 90 percent of deflations since 1820 have not resulted in depression.

In a market economy, writes Robert Murphy, the interest rate is not merely a lever to stimulate or depress economic growth.

It was reported last week that the M3 money supply has increased at a breathtaking 20% annual rate in the last 4 weeks, going up $155 billion. Coincidently (or not), the Bureau of Land Management (BLM) held another of its semi-annual land auctions in Las Vegas.