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Fractional Reserve Banking is Obsolete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…
Socialist Sweden: Far From Paradise
“If you care about freedom, please stop spreading these lies and misconceptions. In Sweden we still have the same old enemy and that is Socialism.”
The Myth of Sweden
Is Sweden an example of how socialism can work? Not really.