In recent years an increasing number of economists have understandably become disillusioned by the inflationary record of fiat currencies. They have therefore concluded that leaving the government and its central bank power to fine tune the money supply, but abjuring them to use that power wisely in accordance with various rules, is simply leaving the fox in charge of the proverbial henhouse.
Mark Thornton discusses the irrational fear of deflation at this Austrian Workshop seminar.
The quantity theory of money at least focused on the right issue, writes Joseph Salerno. No more.
If the goal is to increase confidence in money, writes Clifford Thies, putting Reagan's face on it won't do it.
Presented as part of the Mises Institute’s Austrian Workshop seminar series on 22 June 2004 in Auburn, Alabama.
Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.
Proposals for monetary reform are ubiquitous, but Murray N. Rothbard argued for the 100% gold coin standard.
Presented at the Mises Institute’s first conference, November 16-17, 1983; in Washington, DC.
With a Republican president running sky-high debts, unleashing wars, imposing protectionist trade edicts, and risking the nation’s financial future, sometimes it feels like the 19th century all over again, specifically the year 1861 and following. The 1860 election of Abraham Lincoln sparked a secession movement in the southern states. In December, South Carolina seceded, and other Deep South states soon followed. Interstate commerce was disrupted, and many northeastern banks suspended specie payments. The atmosphere was one of grave political and economic crisis. Many feared war; many feared the unknown.
