We all have regrets. But if you find yourself consistently ruing your past decisions, maybe it’s best to rethink your rashness. Writing in the Financial Times this weekend, Richard McGregor gives some perspective on Americans’ change of heart for wars.
From today’s Open Europe news summary: The FT reports that the ECB will press ahead with its plans to purchase Asset Backed Securities (ABS) despite both the French and German government rejecting the bank’s calls for them to provide public guarantees to
How large a problem is moral hazard caused by the Fed helping out troubled bank during financial crises? Pretty large, at least according to Jeffrey Lacker, President of the Federal Reserve Bank of Richmond. One argument for central bank credit
Call for Papers: 2014 International Conference of Prices & Markets Toronto, Canada November 7-8, 2014 Reflective of the growing international participation at the Toronto Austrian Scholars Conference, the event has been rebranded as the International Conference of Prices & Markets in concert with the Mises Canada published Journal
In a recent post at EconLog, Scott Sumner–one of the leading economists for “market monetarism”–lamented the “intellectual decay” (his term) of both sides in our polarized policy debates. Yet ironically, Sumner ended up destroying the foundation for his own brand
For years a growing number of self-identified Austrians have been warning that the USD’s days as the world’s reserve currency are numbered. For example, I myself recently wrote: I believe that the U.S. dollar, U.S. Treasuries, and the U.S. stock