Mario Draghi is not a household name outside of a few European countries, and yet what he did or didn’t do had the potential to wreak havoc worldwide. The MIT-educated Italian economist, who headed the European Central Bank (ECB) for eight years until October 31, left his post after announcing measures that could damage […]
Sometimes fiction offers better lessons in political economy than reality.
A bird’s-eye view of the Eurozone economies a decade after the financial crisis invites three conclusions: Governments that made unpopular free-market reforms are already reaping the fruits; families and businesses are acting more sensibly than their governments; last but not least, people have behaved much differently than the European Central Bank (ECB) intended. The […]
[Cross-posted in the March 22 issue of The Lighthouse, the Independent Institute’s weekly email newsletter. Sign up for your free subscription here.] We are delighted to announce the publication of the Spring 2011 issue of the Independent Institute’s peer-reviewed journal, The Independent Review, edited by Senior Fellow Robert Higgs. This issue’s articles and book […]
A Buttonwood column in the new issue of The Economist, “Taking von Mises to pieces: Why is the Austrian explanation for the crisis so little discussed?,” discusses the enormous relevance of the Austrian School of economics, including the work of F.A. Hayek, Ludwig von Mises, and Lawrence White in explaining the current economic crisis. […]