Monetary Policy

The Libertarian Angle: End the Fed

by Future of Freedom Foundation July 31, 2018

What is a fiat currency and how does the state benefit from controlling the money supply? FFF president Jacob G. Hornberger and Richard Ebeling discuss. Go to the podcast.

The Myth that Central Banks Assure Economic Stability

by Richard M. Ebeling May 29, 2018

Greek The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one hundred years. The main culprits responsible for these destabilizing and disruptive episodes have been governments and their central banks. They have monopolized the control of their respective nation’s monetary and ...

Monetary Fallacies and Inflationary Bubbles

by Richard M. Ebeling May 14, 2018

Looking to the next few years ahead, is America and the world going to continue riding a wave of economic growth, improving standards of living, falling and lower unemployment, and technological changes that will continue to raise the quality and variety of life? Or will this turn out to be, at least partly, an artificial economic boom that will ...

The Libertarian Angle: Free Banking and Bitcoin

by Future of Freedom Foundation March 27, 2018

Special guest Larry White, senior fellow at the Cato Institute and professor of economics at George Mason University, joins Jacob Hornberger and Richard Ebeling to discuss Bitcoin and what a free market in money would look like. Go to the podcast https://libertarianangle.libsyn.com/.

Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”

by Richard M. Ebeling March 26, 2018

One day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked out over the Ringstrasse (the main grand boulevard that encircles the center of Vienna). He said to his young friend and former student, Fritz Machlup, “Maybe grass will grow there, because our civilization will end.” ...

Debauching the Currency

by James Cook November 1, 2017

Often people who make gloomy predictions about the economy have an ulterior motive. They want to sell a newsletter, a book, precious metals, or even storage food. In some cases they have no basis for their views other than an opinion. I like to think that what I write originates with the economic thinkers of the Austrian School of ...

The Libertarian Angle: End the Fed (video)

by Future of Freedom Foundation October 24, 2017

FFF president Jacob Hornberger and Richard Ebeling challenge the orthodoxy that the government must manage the money supply. Go to the podcast.

Austrian Monetary Theory vs. Federal Reserve Inflation Targeting

by Richard M. Ebeling August 21, 2017

One of the leading policy guideposts for central banks and many monetary policy proponents nowadays is the idea of “inflation targeting.” Several major central banks around the world, including the Federal Reserve in the United States, have set a goal of two percent price inflation. The problem is, what central bankers are targeting is a phantom that does not ...

Government Monopoly Money vs. Personal Choice in Currency

by Richard M. Ebeling June 26, 2017

For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been competitive markets and free consumer choice are far better than government control and planning – except in the realm ...

The Gold Clause Cases

by David S. D'Amato February 1, 2017

The Supreme Court’s decision in the Legal Tender Cases in the late 1800s compelled the acceptance of otherwise worthless Treasury notes for all debts, removing from the individual’s rightful sphere of control a matter of serious financial import. The Gold Clause Cases, decided in 1935, continued to erode the liberal tradition of economic freedom, the further decline of which ...

End the Fed

by George Leef January 1, 2017

Who Needs the Fed? by John Tamny (Encounter Books, 2016); 224 pages. I really don’t like to start a review with a quibble, but in this instance, I must. My quibble is with the title of the book, which makes it seem as though it is aimed only at knocking out support for the Federal Reserve ...

FREE FFF Ebook for Mises’ Birthday!

by Future of Freedom Foundation September 28, 2016

 FREE ebook download! Wednesday through Friday, September 28-30. Please share this announcement with others. To celebrate the September 29 birthday of Ludwig von Mises, we are pleased to announce that Richard M. Ebeling's Monetary Central Planning and the ...