Monetary Theory / David Howden

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"Finance Behind the Veil of Money": A Rejoinder

Monetary TheoryMoney and Banking

09/13/2016Quarterly Journal of Austrian Economics
Finance Behind the Veil of Money takes the minority view that opportunity costs are not only unnecessary but even unhelpful to understanding choice.
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Review of Finance Behind the Veil of Money: An Essay on the Economics of Capital, Interest, and the Financial Market by Eduard Braun

Money and BanksCapital and Interest TheoryMonetary TheoryMoney and Banking

03/22/2016Quarterly Journal of Austrian Economics
The reader should trudge his way through this book for two reasons. First is the explanation for why the purchasing power of money must be defined in terms of consumers’ goods prices, not capital goods. Second, and more importantly, Braun resurrects the subsistence fund doctrine, an integral aspect...
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The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno

Calculation and KnowledgeCapital and Interest TheoryEntrepreneurshipInterventionismMonetary Theory

03/14/2015Books
The Next Generation of Austrian Economics: Essays in Honor Joseph T. Salerno is a celebratory volume honoring the work of a respected and beloved teacher. It signifies a flourishing career of significant achievement, and also the gratitude and well-wishes of his students.
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The Fed in 2012

The FedFiscal TheoryMonetary Theory

02/27/2013Mises Daily Articles
If the economy improves, the banking sector will increasingly loan out its reserves and bring inflationary pressure to prices. If the economy does not improve, the Fed will not be able to unload the low-quality assets on its balance sheet, and thus the inflationary pressures will remain. The so-...
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A New Year's Resolution for Macroeconomists

Monetary Theory

01/24/2013Mises Daily Articles
What has the profession learned about the financial cycle and macroeconomics?
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The Blessing of a Strong Currency

Global EconomyMonetary TheoryMoney and Banking

03/02/2012Mises Daily Articles
To hear some commentators talk, one would think that America's trade-deficit woes would be miraculously erased with a swift devaluation.
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The Fed's Quasi-Fiscal Policies

The FedFiscal TheoryMoney and BankingMonetary Theory

02/08/2012Mises Daily Articles
The current policies of the Fed are a sharp departure from the old way of performing monetary policy.
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Explaining Central Banks' Gold Purchases

The FedGold StandardMonetary Theory

12/02/2011Mises Daily Articles
While holding any real asset serves no direct use for a central bank, it does act as an insurance policy of sorts.
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Rethinking Iceland's Recovery

Global EconomyBusiness CyclesMonetary Theory

03/22/2011Mises Daily Articles
Like many economic events, the key lies not in what is immediately apparent — explosively large banks — but in those causes and conditions that are veiled. Politicians, pundits, and the population of the Icelandic nation have had a difficult time explaining how such a large financial sector could...
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Europe's Tragic Crisis

The FedGlobal EconomyMonetary Theory

01/14/2011Mises Daily Articles
At the root of the current crisis in Europe are the actions of the European Central Bank. As Philipp Bagus explains in his new book , only a realization of the true costs the euro has imposed on the continent in the past can shed light on the path to future recovery.
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