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Was the Federal Reserve's monetary policy the proximal cause of the financial crisis of 2007-2008? Also, what are the best free market sources for information and argumentation on this mechanism (e.g. published papers, data, forecasted predictions, etc)?
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Economists of the Austrian School understand that monetary expansion has the effect of making things more expensive than they otherwise would have been. At the root of the real-estate bubble was Federal Reserve monetary expansion funneled into the purchase of mortgages by Fannie Mae, Freddie Mac, and...
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So after reading Peter Schiff's "Crash Proof" i really want to start investing and hedge against inflation before the dollar collapses but being a student only working 5 hours a week, thousands of dollars in debt and not a lot of money to invest with. I was thinking about pulling out a...
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What??? I have only been studying this for a short while, but even I know this a gross misrepresentation - any comments? Hayek was associated with the Austrian school, ascendant in the 19th and early 20th centuries, which argued that the private sector should be left free to carry out the task of any...
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I was having a discussion over the weekend about what would have happened if there had been no financial bailout (Emergency Economic Stabilization Act of 2008). We are told that without the bailout we would have suffered "an economic meltdown". It seems even those who support a free market...
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A friend of mine curious about the financial crisis seeks to hear the other side of the stimulus story: "I think it's very easy to say, "let the banks fail", but my question is what does that really mean? Does that mean the individuals and businesses invested with them would lose it...
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What do you think about this guys comment? Is he right? "What worries me (and hopefully many others who are paying attention) is that at the end of this year the US national debt will be nearly $14T, with total unfunded obligations (social security, medicare/caid, natl health care, etc) approx ...
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Are there any books that give a detailed account of the 2008 financial crisis and its causes? Is there anything in existence that gives the complete picture, from Bear Stearns to Lehman Brothers, to the collapse of the subprime housing market, to General Motors, to AIG, and so on? If not, then just tell...
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Martin Wolf has recently opened an exchange for ideas on The Financial Times' internet portal. His first topic is crucial to the field of Austrian economics, and I encourage you all to make your ideas heard. His first topic is Does Austrian economics understand financial crises better than other...
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...