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[quote] Was the famous internet tech bubble caused directly by government/central banking?[/quote] Yes. The question is which way it caused it. The Rothbardians think that it, and all other economic crises at all times with no effort to check the actual facts, was caused by the Federal Reserve inflating...
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Here's a story I just wrote to help explain what the Fed's doing to wreck our economy. Please let me know if it helps. Normal 0 false false false MicrosoftInternetExplorer4 The Three Little Pigs and the Federal Reserve Crisis In their later years, they bought a yacht and sailed the seven seas...
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Wow, can't believe I missed this and it only got one response. Rothbard was a great economic historian, you can refer to the following works, available at Mises for free in various digital mediums and in print at the Store. America's Great Depression Free: http://mises.org/rothbard/agd.pdf Print...
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See Rothbard's What Has Government Done to Our Money . When a regular person buys a government bond, that person is spending money they had to have somehow received beforehand from someone else. That is, it must have been money that was already in circulation. When the Federal Reserve buys government...
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Money as debt is a good educational video of how the system works but it's socialized solution is something that could be compared to the FED itself. The amount of money created (liability) in the economy should equal to that of the production (asset) of a nation thereby offsetting each other and...
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i have recently designed the following course for my own use: rigourous introductory study centers around rothbard's 'man, economy, and state', via robert murphy's accompanying study guide as an auxillary map, and with mises' 'human action', 'theory of money and credit'...
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An expectation of long term inflation would seem to be factored into (loan) interest rates. Rothbard makes this point in "Making Economic Sense", ch. 8: http://www.mises.org/econsense/ch8.asp, in particular: As prices rise, and as people begin to anticipate further price increases, an inflation...