All Posts Tagged With: "credit"
America’s Debt Paranoia
The headlines are alarming. The New York Times panicked that Americans are “Running in Debt” and just a few years later warned that Americans were “Borrowing Trouble.” Business Week asked, “Is the Country Swamped with Debt?” and U.S. News and World Report worried that “Never Have So Many Owed So Much.” Harper’s even expressed fear [...]
23Sep2009 | Todd Zywicki | 3 comments | ContinuedOn the Austrian Theory of the Trade Cycle, Part II
I’m not sure where recent events—the economy’s still-ongoing turmoil—leave my assessment of the Austrian theory. But I am much more inclined now to find in it the empirical oomph that for so many years I thought it lacked.
1Apr2009 | Donald J. Boudreaux | 6 comments | ContinuedThe Financial Century: From Turmoils to Triumphs by Reuven Brenner
Stoddart • 2001 • 214 pages • $39.95 Reviewed by Pierre Lemieux In his latest book, McGill University economics professor Reuven Brenner argues that when private sources of capital are not easily available through financial markets, governments or criminals become financial intermediaries, which is not conducive to prosperity and liberty. He draws on a large [...]
1Jun2002 | Reuven Brenner | 0 comments | ContinuedWhy Economies Grow
Aaron Schavey is a policy analyst in the Center for International Trade and Economics (CITE) at the Heritage Foundation. One of the consequences of living in an affluent society such as the United States is that the poverty of the majority of the world is often overlooked. For instance, a recent report from the Organization [...]
1Nov2001 | Aaron Schavey | 2 comments | ContinuedMoney and the Nation State: The Financial Revolution, Government and the World Monetary System
Bert Ely is a financial institutions and monetary policy consultant in Alexandria, Virginia. This is a book on a vital—and much misunderstood—topic. It is sometimes excellent, but largely disappointing. The book consists of 13 chapters divided into three sections: The History of the Modern International Monetary System, Modern Money and Central Banking, and Foundations for [...]
1Jun1999 | Bert Ely | 1 comment | ContinuedRisk and Business Cycles: New and Old Austrian Perspectives
Leland B. Yeager is Ludwig von Mises Distinguished Professor Emeritus of Economics at Auburn University. The Austrian theory of the business cycle describes how expansion of money and credit can cause recession or depression. Perhaps under political pressure to cut interest rates, the monetary authorities expand bank reserves. Business firms find credit cheaper and more [...]
1Sep1998 | Leland B. Yeager | 1 comment | ContinuedGovernment Lending
Persons tempted to seek government credit might be interested in this “other side” of the story of government lending activities. Government lending is not limited to the lending of money. The government’s guarantee, when it is held by private people, is no less a pledge of the public credit than is the government’s direct loan [...]
1Jul1956 | Henry Hazlitt | 0 comments | Continued-
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