by Sheldon Richman
"Fed Boosts Benchmark Interest Rate"
Every now and again we read a headline like that in the nation's newspapers. And just last week, the Federal Reserve raised a key interest rate a quarter point to prevent, so it says, the reappearance of inflation. Here's the reasoning: consumer demand is ... [click for more]
by Richard M. Ebeling
A Little Bit of Inflation Never Hurt Anyone. Right?
The Rationale of a Stable Price Level for Economic Stability
The Federal Reserve and Price-Level Stabilization in the 1920s
Benjamin Anderson and the False Goal of Price-Level Stabilization
The Austrian Economists on the Origin and Purchasing Power of Money
Ludwig von Mises and ... [click for more]