Category Archives: Banking & Finance

The Hangover Theory

By Charlie Deist | Published: February 6, 2010
I could write a whole essay about the dirty tricks Paul Krugman employs in this Slate magazine article from 1998. Instead, I will focus on just one (okay, maybe a few more than one…). Krugman insists that the Austrian theory of the business cycle is a pure misunderstanding of all the Keynesian and post-Keynesian economic “developments”. [...]
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Keynes vs. Hayek

By Charlie Deist | Published: January 26, 2010
Who offers a more compelling theory of the business cycle? The makers of this video seem to have had an answer to that question in mind. In addition to being catchy, the rap hits on the most important distinctions between the Keynesian and Austrian theories of the business cycle. I especially liked the references to the [...]
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Even My Accounting Book is Statist

By Josh Weil | Published: January 20, 2010
“In an attempt to respond to these concerns, the U.S. Congress passed the most important reform of corporate governance in many decades – The Sarbanes-Oxley Act of 2002. – Garrison, Noreen, Brewer As with most government imposed regulation, Sarbanes-Oxley drives up costs without producing much benefit. There’s no reason to think that the government can set [...]
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Did the Austrians see it Coming?

By Charlie Deist | Published: November 22, 2009
Robert Murphy is an Austrian economist and the author of many books, including The Politically Incorrect Guide to Capitalism. I’ve owned the book for a while and have found it valuable, if a bit simplistic since it is written for a popular audience.  After hearing Anthony Gregory speak on monetary policy and banking, I revisited [...]
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