Are holders of banknotes implicitly lending funds to the issuing bank? Do historical periods of relatively free banking illustrate the stability of the system? A response to Bagus and Howden.
- Articles
- ArticlesIs the standard Austrian theory of the origin of money "conjectural history"? Kristoffer Hansen's response to Gary North's counter-interpretation of the theory of the origin of money.
- ArticlesNever-before-published essay from Murray Rothbard on one of the first significant welfare programs in the United States: pensions to Union war veterans.
- Book ReviewsMark Thornton reviews Alesina, Favero, and Giavazzi's book, which argues that austerity plans based on tax increases fare much worse than plans based on reducing expenditures.
- ArticlesWhat would Murray Rothbard have said in the planned chapter 10 of his nine-chapter manuscript on the Progressive Era? Patrick Newman reveals Rothbard's target: the fourth party system (1896-1932).
- Book ReviewsJoakim Book reviews Greenspan and Wooldridge's Capitalism in America. What could go wrong with a book from a former Fed chairman and the Economist's political editor? Quite a lot!
- Book ReviewsJason Morgan reviews John Sagers' book on Shibusawa Eiichi, often called the "father of Japanese capitalism." Was Shibusawa truly a capitalist, or just a "crony capitalist"?