The July issue of The Free Market is now available online, with a new essay on money from Joe Salerno and an interview with Randy Holcombe about his new economics textbook.
Salerno explores some misconceptions about money and the new “gold standard” proposed by Steve Forbes:
In other words Forbes’s “stable and flexible” gold standard would facilitate and camouflage an inflationary expansion of the money supply that would, according to Austrians, distort capital markets and lead to asset bubbles. The motto of our current gold-price fixers seems to be: “We want sound money—and plenty of it.”
And Holcombe discusses his new textbook on Austrian economics designed for mainstream economics classes:
Economics students, including undergraduates, are groups I am targeting with the book. The book is not an introductory economics text from an Austrian perspective, and assumes that the reader already knows some economics. But even a student who has only taken an introductory economics course will have enough background to understand what is in the book. The idea was to write a book for people who already know some economics, but are not familiar with the Austrian School. There are lots of people with some background in economics who have heard of the Austrian School, but don’t have a good idea about what distinguishes the Austrian School from mainstream economics, or from other schools of thought.
July’s issue will also give you the latest on our new series of audio interviews, Mark Thornton’s debate at Oxford, plus the latest from our alumni and scholars.