Deflation and Liberty
Should Austrians fear a deflationary spiral? Guido Hülsmann says quite the contrary.
Fractional Reserve Banking is Obsolete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.”
Bitcoin and the Austrian Theory of Money
Bitcoin is a decentralized and open source digital currency. It has no central bank, the supply of money is limited, and transactions are done directly between users. But is it money? Since the arrival of Bitcoin, Austrians have debated furiously…
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”.
