Tags: mises.org

How Keynes Almost Prevented the Keynesian Revolution

October 2nd, 2015
in history, macroeconomics

October 30, 1929. A brisk autumn’s day in Manhattan. The Savoy-Plaza Hotel’s thirty-three stories cast a long shadow over Central Park. At the base of the hotel a financier lies freshly fallen, motionless, while his last breath, wrenched from the lungs by force of impact, is now a red mist of gore in the air. more »

The Rise and Fall of the City

September 7th, 2015
in aa syndication

Nearly every urban setting in the world is fraught with conflicts between groups, so much so that political commentators can speak of votes and candidates mostly in terms of the demographic composition and impact of the vote. It is not only in Baghad were people struggle over the levers of Power. more »

Time Preference and Long-Term US Interest Rates

by Frank Shostak, Mises Institute After closing at 3.03 percent in December 2013, the yield on the 10-year US T-Note has been trending down, closing at 2.34 percent by August this year. Many commentators are puzzled by this, given the optimistic… more »

Why the Mainstream Fails to Understand Recessions

by Hal Snarr, Mises.org In a 2010 Bloomberg Television interview, Alan Greenspan said, “The general notion the Fed was propagator of the bubble by monetary policy does not hold up to the evidence. ... Everybody missed it — academia, the Federal Reserve,… more »

There is No Tradeoff Between Inflation and Unemployment

by Chris Casey Anyone reading the regular Federal Open Market Committee press releases can easily envision Chairman Yellen and the Federal Reserve team at the economic controls, carefully adjusting the economy’s price level and employment numbers. more »

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