Higher Education Mania
More Americans are receiving a college education than ever before, but are the costs worth it? Student loan debt has reached astronomical levels, even eclipsing credit card debt. Is this sustainable? Who will pay and how? Has the bubble already…
A Reader on the Higher Education Mania
College is not inexpensive, and for-profit and online institutions have not been able to change this (even while they offer an inferior product in terms of academic, social and extracurricular offerings). Perhaps college was not meant to be a bargain,…
Calling the Bluff: The Real “Boom and Bust” of Poker
Attempting to extend Austrian Business Cycle Theory to areas in which it is not applicable only serves to obscure the very real insights that it does have to offer us.
Fractional Reserve Banking is Obsolete
In the definitive treatise on Austrian Business Cycle Theory, Money, Bank Credit, and Economic Cycles, Jesús Huerta de Soto establishes the inevitability of economic crises wherever there is fractional reserve banking. All that is left for monetary scholars to do is analyze past…
End the Fed: Hoard Bitcoins
The libertarian strategy for undermining fiat currencies has always centered on making gold and silver viable alternatives. This effort has failed because it is impossible to compete against a digital currency, like the dollar, with a physical commodity due to…
The Housing Crisis
In the midst of the bubble popping, Thornton offered a substantial “told you so.”
Alertness, Action, and Entrepreneurship
Within Austrian economics, there are varying interpretations of the role and nature of the entrepreneur in the marketplace. This week the Mises Circle will examine contrasting viewpoints on the entrepreneur, focusing on Kirzner and Sautet contra Foss and Klein. In…
