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Lawrence H. White
Lawrence Henry White (born November 27, 1954) is an American economics professor at George Mason University who teaches graduate level monetary theory and policy. He is considered an authority on the history and theory of free banking. His writings support the abolition of the Federal Reserve System and the promotion of private and competitive banking. Career White earned his BA at Harvard University (1977) and PhD at the University of California at Los Angeles (1982). Before his current role at George Mason University he held a position as F. A. Hayek Professor of Economic History with the University of Missouri–St. Louis Economics department from 2000 to 2009, teaching American Economic History, Monetary Theory, and Money and Banking. Previously, he was assistant professor at New York University and associate professor at The University of Georgia in Athens, Georgia. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Banking
Free banking is a monetary arrangement where banks are free to issue their own paper currency ( banknotes) while also being subject to no special regulations beyond those applicable to most enterprises. In a free banking system, market forces control the total quantity of banknotes and deposits that can be supported by any given stock of cash reserves, where such reserves consist either of a scarce commodity (such as gold) or of an artificially limited stock of fiat money issued by a central bank. In the strictest versions of free banking, however, there is either no role at all for a central bank, or the supply of central bank money is supposed to be permanently "frozen". There is, therefore, no government agency acting as a monopoly "lender of last resort", leaving that to the private sector as happened in the US in the panic of 1907. Nor is there any government insurance for banknotes or bank deposit accounts. Notable supporters include Milton Friedman, Fred Foldvary, Davi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Athens, Georgia
Athens is a consolidated city-county in the U.S. state of Georgia (U.S. state), Georgia. Downtown Athens lies about northeast of downtown Atlanta. The University of Georgia, the state's flagship public university and an Research I university, R1 research institution, is in Athens and contributed to its initial growth. In 1991, after a vote the preceding year, the original City of Athens abandoned its charter to form a unified government with Clarke County, Georgia, Clarke County, referred to jointly as Athens–Clarke County where it is the county seat. As of 2021, the Athens-Clarke County's official website's population of the consolidated city-county (all of Clarke County except Winterville, Georgia, Winterville and a portion of Bogart, Georgia, Bogart) was 128,711. Athens is the Georgia (U.S. state)#Major cities, sixth-most populous city in Georgia, and the principal city of the Athens-Clarke County, Georgia Metropolitan Statistical Area, Athens metropolitan area, which had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard Money (policy)
Hard money policies support a specie standard, usually gold or silver, typically implemented with representative money. In 1836, when President Andrew Jackson's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular, an executive order that all public lands had to be purchased with hard money. Bentonian currency In the US, hard money is sometimes referred to as Bentonian, after Senator Thomas Hart Benton, who was an advocate for the hard money policies of Andrew Jackson. In Benton's view, fiat currency favored rich urban Easterners at the expense of the small farmers and tradespeople of the West. He proposed a law requiring payment for federal land in hard currency only, which was defeated in Congress but later enshrined in an executive order, the Specie Circular. See also * Gold standard * Silver standard * Bimetallic standard * Bullion coin * Digital gold currency * Fractional reserve banking * Free banking * Hard money ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lew Rockwell
Llewellyn Harrison Rockwell Jr. (born July 1, 1944) is an American author, editor, and political consultant. A libertarian and a self-professed anarcho-capitalist, he founded and is the chairman of the Mises Institute, a non-profit promoting the Austrian School of economics. After graduating from university, Rockwell had jobs at the conservative Arlington House Publishers, the radical-right John Birch Society, and the traditionalist Hillsdale College. Reading the works of Murray Rothbard, who became his mentor, led Rockwell to become an ardent believer in Austrian economics and what he calls "libertarian anarchism". Rockwell was chief of staff to Congressman Ron Paul from 1978 to 1982, and was a founding officer and former vice president at Ron Paul & Associates, which published political and investment-oriented newsletters bearing Paul's name. Racist and homophobic content in those newsletters became a controversy in Paul's later campaigns; Rockwell denied ghostwriting it but a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ludwig Von Mises Institute
The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a nonprofit think tank headquartered in Auburn, Alabama, that is a center for Austrian economics, right-wing libertarian thought and the paleolibertarian and anarcho-capitalist movements in the United States. It is named after the economist Ludwig von Mises (1881–1973) and promotes the Austrian school of economics#Split among contemporary Austrians, Misesian version of Heterodox economics, heterodox Austrian economics. The Mises Institute was founded in 1982 by Lew Rockwell, chief of staff to Texas Republican Congressman Ron Paul. Early supporters of the institute included economist Friedrich Hayek, F. A. Hayek, writer Henry Hazlitt, economist Murray Rothbard, Ron Paul, and libertarian coin dealer Burton Blumert, Burt Blumert. History The Mises Institute was founded in 1982 by Lew Rockwell, who was chief of staff to Texas Republican Congressman Ron Paul; previously Rockwell had been editor for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian School
The Austrian school is a Heterodox economics, heterodox Schools of economic thought, school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals along with their self interest. Austrian-school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian school originated in 1871 in Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical school of economics, Historical school, in a dispute known as ''Methodenstreit'', or methodology quarrel. Current-day economists working in this tradition are located in many countries, but their work is still referred to as Austrian economics. Among the theoretical contribu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Selgin
George Selgin (; born February 15, 1957) is an American economist. He is Senior Fellow and Director Emeritus of the Cato Institute's Center for Monetary and Financial Alternatives, where he is editor-in-chief of the center's blog, ''Alt-M'', Professor Emeritus of economics at the Terry College of Business at the University of Georgia, and an associate editor of ''Econ Journal Watch''. Selgin formerly taught at George Mason University, the University of Hong Kong, and West Virginia University. Research Selgin's research covers a broad range of topics within the field of monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought. He is one of the founders, along with Kevin Dowd and Lawrence H. White, of the Modern Free Banking School, which draws its inspiration from the writings of Friedrich Hayek on denationalization of money and choice in currency. A central claim of the Free Banking School is that the effects of government interven ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cato Institute
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded in 1977 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of Koch Industries.Koch Industries is the second largest privately held company by revenue in the United States. Cato was established to focus on public advocacy, media exposure, and societal influence. Cato advocates for a limited governmental role in domestic and foreign affairs and strong protection of civil liberties, including support for lowering or abolishing most taxes, opposition to the Federal Reserve system and the Affordable Care Act, the privatization of numerous government agencies and programs including Social Security and the United States Postal Service, demilitarization of the police, open borders and adhering to a non-interventionist foreign policy. According to the 2019 Global ''Go to Think Tank Index Report'' (revised June 2020, Thin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Freeman
''The Freeman'' (formerly published as ''The Freeman: Ideas on Liberty'' or ''Ideas on Liberty'') was an American libertarian magazine, formerly published by the Foundation for Economic Education (FEE). It was founded in 1950 by John Chamberlain, Henry Hazlitt, and Suzanne La Follette. The magazine was purchased by a FEE-owned company in 1954, and FEE took over direct control of the magazine in 1956. In September 2016, FEE announced it would permanently end publication of ''The Freeman''. Background A number of earlier publications had used the ''Freeman'' name, some of which were intellectual predecessors to the magazine founded in 1950. ''The Freeman'' (1920–1924) From 1920 to 1924, Albert Jay Nock, a libertarian author and social critic, edited a weekly magazine called ''The Freeman''. Nock's magazine was funded by co-editor Francis Neilson, a British author and former member of Parliament, and his wife Helen Swift Neilson, who was heir to a meatpacking fortune. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foundation For Economic Education
The Foundation for Economic Education (FEE) is an American Conservatism in the United States, conservative, Libertarianism in the United States, libertarian economics, economic think tank. Founded in 1946 in New York City, FEE is now headquartered in Atlanta, Atlanta, Georgia. It is a member of the State Policy Network. FEE offers publications, lectures, and student workshops promoting free market principles. Views FEE states that its mission is to promote principles of "individual liberty, Free market, free-market economics, entrepreneurship, private property, high moral character, and limited government." Friedrich Hayek described FEE's goal as "nothing more nor less than the defense of our civilization against intellectual error." History FEE, founded in 1946, is considered the oldest free-market think tank in the United States. An early aim was to roll back policies of the New Deal. FEE opposed the Marshall Plan, Social Security (United States), Social Security, and Minimum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercatus Center
The Mercatus Center is an American libertarian, free-market-oriented non-profit think tank. The Mercatus Center is located at the George Mason University campus, but it is privately funded and its employees are independent of the university. It is directed by Benjamin Klutsey and its board is chaired by American economist Tyler Cowen. The Center works with policy experts, lobbyists, and government officials to connect academic learning with real-world practice. Taking its name from the Latin word for ''market'', the center advocates free-market approaches to public policy. During the George W. Bush administration's campaign to reduce government regulation, ''The Wall Street Journal'' reported, "14 of the 23 rules the White House chose for its 'hit list' to eliminate or modify were Mercatus entries". According to the ''2017 Global Go To Think Tank Index Report'' ( Think Tanks and Civil Societies Program, University of Pennsylvania), Mercatus is number 39 in the "Top Think Tanks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Of Money, Credit, And Banking
The ''Journal of Money, Credit and Banking'' is a peer-reviewed academic journal covering monetary and financial issues in macroeconomics. It is published by Wiley-Blackwell on behalf of the Ohio State University Department of Economics. The editors-in-chief are Sanjay Chugh (Ohio State University), Robert DeYoung (University of Kansas), Pok-sang Lam (Ohio State University), Kenneth D. West (University of Wisconsin–Madison). Replicability In 2004, the ''American Economic Review'' instituted a mandatory archive for the submission of data and code used in economic journal submissions to ensure the replicability and legitimacy of research. An analysis of the ''Journal of Money, Credit and Banking''s archive from 1996 to 2003 found that only 14 of 186 empirical articles could be replicated. Some economists have published suggestions regarding procedures to ensure the replicability of journal articles. As a result, the journal's editors amended their procedures beginning with the Dece ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
