The Bitcoin Central Bank’s Perfect Monetary Policy
The Bitcoin Central Bank will be the longest lasting institution of its kind thanks to the anti-fragile independent monetary policy it has set in stone.
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Fractional Reserve Banking is Obsolete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.”
The Origins of the Fed
Rounding off our series on the economic consequences of fractional reserve banking, the Mises Circle will be reading Ron Paul’s “The Origins of the Fed”.
How Fractional Reserve Banking Causes the Business Cycle
Life is full of ups and downs, but that doesn’t mean the market needs to be as well. In fact, Austrian economists argue that business cycles only exist due to credit expansion unbacked by real savings.
