Category RESEARCH

Responsible as Charged

Responsible as Charged David Henderson and Jeff Hummel have managed to ruffle fairly a couple of Austrian feathers with their current Cato briefing paper, and no surprise: that paper claims not solely that Alan Greenspan’s Fed was harmless of any…

The Puzzle of Local Double Taxation

The Puzzle of Local Double Taxation Why Do Non-public Neighborhood Associations Exist? Non-public neighborhood associations have unfold rapidly in lots of elements of america, although their members should pay each affiliation dues and native taxes for comparable companies. Not solely…

Does Regulation Prevent Fraud?

Does Regulation Prevent Fraud? The Case of Manhattan Hedge Fund Because the failure of the hedge-fund agency Manhattan Capital demonstrates, each authorities regulators and market gamers could make errors ensuing from cognitive biases. Responding to such errors by strengthening authorities…

Rothbard on Fractional Reserve Banking

Rothbard on Fractional Reserve Banking A Critique Murray Rothbard, in The Case for a 100 % Gold Greenback (1974), maintains that fractional-reserve banking is fraudulent and inherently destabilizing of the economic system. Nevertheless, by contemplating how a regime of laissez…