Afghanistan cannot succeed through forceful “nation-building”. Afghanistan’s route to prosperity will have to be a tough internal political evolution, and can only come through the market.
Posts Tagged ‘central’
News from the Eurozone
The European Central Bank ends “extraordinary liquidity” measures, but maintains key interest rates at record lows.
China’s Bubble Economy Re-Appears
China’s economic growth is turning out to be just another financial bubble ready to pop. The lesson is clear: monetary expansion causes economic instability. This bursts two theoretical bubbles: one, that instability is inherent in global capital markets, and two, that we are preparing to lift out of recession.
Central Banking and War
The Central Bank has been at the center of the State’s ability to finance wars on a large scale. As a result, it can be said that without central banking the large wars of the 20th Century would have never taken place, as they would have been impossible to fund.
Liberalized Capital Markets and Poverty
There seems to be a great deal of misconceptions in regards to what market liberalization is, to how Capitalism can foster economic growth in any given country and the case of globalism in the Third World. As a result, many have unconvincingly and incorrectly attributed greater impoverishment to the liberalization of capital markets.
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.
Can We Still Avoid Inflation?
Friedrich Hayek speaking on inflation and the money supply, before the Trustees and guests of the Foundation for Economic Education at Tarrytown, New York on May 18, 1970.
