If the Mises Site is not enough, there is now another source on the web for economic education (this via Jeff Scott): FINANCIAL EDUCATION FOR TEENS The Federal Reserve and USA Today launched a new online project intended to teach middle school and high school students about economics and personal finances by constructing the front page of a USA
Bloomberg reports on the annual central banker symposium taking place at Jackson Hole, Wyoming. At last year’s event, Greenspan defended his long-held view that central bankers cannot identify asset bubbles until after they have burst. This is based on a sort of “efficient markets theory” in which the prices of financial assets are an outcome of
Bill Fleckenstein ( MSN Money ) says that the next Fed chairman should “Be well-versed in the so-called Austrian School of Economics.... a school of economic thought championed by, among others, Nobel laureate Friedrich von Hayek. The Austrians deny that a central bank, such as the Fed, can work economic miracles by juggling interest rates. In
It’s Bernanke for the Fed . And here . His most famous comment: “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so,
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.