In this piece, Mark Thornton tries to solve the riddle:  ”Where is the Inflation?” by Mark Thornton Critics of the Austrian School of economics have been throwing barbs at Austrians like Robert Murphy because there is very little inflation in the economy. Of course, these critics are speaking...

Interview with Steve H. Hanke By: Kourosh Ziabari   Iran Review  October 25, 2012 Targeted with the biting sanctions of the United States and European Union over its nuclear program, Iran’s economy is experiencing difficult and breathtaking days. The import of vital goods, including medicine...

By Ben Kupferberg  Steve H. Hanke, Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, and his team of 10 undergraduates, known as the bullpen, were the first ones to come to the realization that Iran was undergoing...

What would it mean to “end the Fed”? Professor Larry White says that in order to know the effects of such a measure, we must first understand the role of “the Fed”. The Federal Reserve is the central bank of the United States and the institution at the center of the nation’s...

Written by Lewis E. Lehrman Consider the natural properties of gold.  Gold is durable, homogenous, and fungible.  Indeed, by its intrinsic scientific nature, gold is imperishable, indestructible, and malleable.  Gold has a relatively low melting point, facilitating coinage.  Gold is portable...