Money and Banks

Real "credit crunch" is threatening on the horizon, writes Hans Sennholz, and it could gravely encumber the American economy.

The inflation suffered by the colony of Rhode Island during the early eighteenth century is well-described by the word "wanton." Especially since the engineers of this inflation were the Wanton brothers, John and William, Governor and Deputy Governor of the colony at the time.

Medical Savings Accounts promised market incentives in health insurance. Congress didn't renew them, but Dale Steinreich argues they weren't so great anyway.

If the economy is slowing, argue some economists, the Fed should lower rates and flood the market with credit. Gene Callahan disagrees.

Kirzner's new book, reviewed by Robert Murphy, continues in his role of elaborating and, at times, correcting the work of his cherished mentors, Mises and Hayek. 

The eminent position of the American dollar in world trade and finance undoubtedly justifies a modest trade deficit, writes Hans Sennholz. But not one this large.

 If a corporation were to engage in the deceit that is the government's daily business, the SEC would intervene with severity, says Hans Sennholz

Some economists say measuring inflation is as easy as checking a thermometer. Gene Callahan debunks this view.

30 years after Nixon closed the gold window, it's time to make the dollar convertible again, argues Greg Kaza.

The New Scientist tries its hand at economic theory, and makes an awful mess of it. Callahan and Murphy explain where the piece goes wrong.