The European Central Bank ends “extraordinary liquidity” measures, but maintains key interest rates at record lows.
Posts Tagged ‘Bank’
The Panic of 1837 and the Contraction of 1839-43
The standard interpretation of the Panic of 1837 and subsequent recession blamed statebank monetary inflation abetted by President Jackson’s removal of the federal deposits from the Bank of the United States. Scott Trask, in a paper for the Mises Institute, offers a more Austrian explanation.
A New Perspective on Roosevelt’s Recession of 1937
From the essay “The Dangerous “Lessons” of 1937. Roosevelt’s Recession of 1937 may be more relevant to the current financial situation in the United States than the Crash of 1929. This is because we may be headed in the same direction.
A Critique of the Mechanistic Monetarist Version of the Quantity Theory of Money
Spanish Austrian economist Jesús Huerta de Soto critiques the Monetarist “quantity theory of money”.
