Greenspan’s Austrian Connection
He talks like an old Keynesian but has early intellectual ties to the Austrian School, once calling the Fed's creation "a historic disaster."
He talks like an old Keynesian but has early intellectual ties to the Austrian School, once calling the Fed's creation "a historic disaster."
The oil price, the stock market, the yield curve, and other factors suggest the boom may be fading. But several quick steps to free markets would shorten the pain.
Greenspan recently said he is not sure what the money supply is. But money is like any commodity: it has a supply and it can be counted.
The unexpected inversion has led to wild speculations about the cause and solution, but only the Austrian economists name the real culprit.
Two articles debunking the Fed's "con game," written on Greenspan's first appointment to the Fed and his later reappointment.
Does Alan Greenspan have a theory or is he just winging it? (Commentary by James Grant)
A Fed official dreams up a new idea to crack down on currency hoarding. (Article by Llewellyn H. Rockwell, Jr.)
Robert Mundell's economics, both praised and criticized from an Austrian perspective. (Comments from scholars)
So long as the Fed has the power to print, the boom-bust cycle is here to stay. (Paper by Frank Shostak)
The long history of fiat money and the disasters it has left in its wake. (Column by Albert Friedberg)