Economic History
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How Activist Academia Destroyed Scholarly Peer Review
“If these are the practices that Cambridge University Press is willing to tolerate from journals such as Contemporary European History, we may safely conclude that their ‘rigourous peer-review system’ is not so rigorous after all.” ~ Phillip W. Magness
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Decentralized Stablecoins: The Real Peer-to-Peer Electronic Cash Systems
“Bitcoin still has a role to play as a globally popular speculative token. It’s time for the decentralized stablecoins to take their place as the real peer-to-peer electronic cash systems.” ~ J.P. Koning
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Nixonomics in Retrospect: Devaluation and Wage-Price Controls, August 15, 1971
“Many costly tax and other economic policy mistakes were made in the seventies, but the worst problems of the 1973-82 stagflationary era by far were the legacy of terrible monetary and regulatory blunders made in 1971.” ~ Alan Reynolds
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A Tragic Half Century Without Gold Money
“Fifty years without a gold-based monetary system is not only unprecedented in human history but unfriendly to economic prosperity.” ~ Richard M. Salsman
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Nixon’s Gold Treachery Made Me a Cynic
“If the government continues on this path, it is only a question of time until fresh debacles result. But from the economic wreckage, a new generation of cynics may arise who do a far better job of putting politicians back on a leash.” ~ James Bovard
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Early America’s Socialist Utopias Offer Lessons for Today
“History constantly teaches us that socialism, even when implemented in different ways, will fail and obstruct the growth that communities could have otherwise enjoyed.” ~ Amelia Janaskie & Micha Gartz
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A Conversation on Keynes, Morality, and the Economy
“On this episode of the Authors Corner, Ethan sits down with AIER Visiting Fellow, Dr. Victor Claar to speak about his recent research and publications on the ideas of John Maynard Keynes and their long-term impact on how we view economics from a moral perspective.” ~ AIER
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History Lessons: The Case Against Regulating ESG Ratings Agencies
“This history lesson strongly suggests to us that security regulators should refrain from endorsing any particular ESG metric. Sadly, security regulators around the world appear to be intent on repeating the mistakes made by the SEC in the 1970s.” ~ Robert E. Wright & Andrew Smith
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The Invisible Hand Relies Upon Visible Prices
“Prices are among the visible results of the invisible hand’s successful operation, as well as the single most important source of this success. The market’s invisible hand, in short, alone makes possible – yet equally depends upon – visible market prices.” ~ Donald J. Boudreaux
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What Do Wildcat Banks Tell Us About Stablecoins?
“The experience in Michigan when it was a frontier state in the same year that the telegraph was invented is not particularly pertinent for discerning the likely success of private currency with the communications technology available today. ‘Wildcat’ is a phrase that has no relevance for stablecoins.” ~ Gerald P Dwyer
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Sanctions Against South Africa and the Cuban Embargo
“The sanctions undoubtedly had psychological and moral effects, just like the US embargo on Cuba. Neither Levy nor Lowenberg and Kaempfer–or any followup literature I’ve been able to find–thinks these effects have as much explanatory power as apartheid’s inefficiency, growing internal political opposition, and the fall of the Soviet Union.” ~ Art Carden
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Appreciating F. A. Hayek’s Insights on Money and the Business Cycle
“Hayek’s monetary and business cycle writings from 90 years ago, and his many contributions to the general understanding of the dynamic market process and the limits to government omniscience, are and will be crucial to that task of fighting for the free and prosperous society.” ~ Richard M. Ebeling
