Is there evidence the gold standard is good for America? Here’s what Prof. Domitrovic told Federal Reserve Chair Janet Yellen. For more on the gold standard, watch.
Bitcoin can be a little confusing–maybe you’ve heard that black markets like the Silk Road use it, or heard stories about its ever-fluctuating market value. Jerry Brito, law professor and Executive Director of Coin Center, gives you the basics about Bitcoin, from how it works, to how many there are, to who can benefit from […]
What causes economic crises? How can we prevent them? If you’re tired of drawing a blank when faced with these questions, you’re in luck. In our new program, Professor Tyler Cowen will walk you through the different theories of booms and busts, the reasoning behind major crises, and even how we can prevent them in […]
Bitcoin is nothing short of a currency revolution. It has changed how individuals spend their money, disrupted the way governments regulate money, and has the potential to completely eliminate physical currencies. Now, Jerry Brito, Senior Research Fellow at the Mercatus Institute, will explain why Bitcoin is already impacting the world for the better. Are you […]
What would happen if we didn’t have a central bank? Prof. Lawrence H. White explains that private banks would be able to circulate money by issuing notes and checks redeemable for coin. Trustworthy banks would make arrangements to accept each other’s notes and checks. Banks would have better incentives than the federal government to ensure […]
When economic troubles strike, policymakers are eager to do something to try to help the citizenry. But Prof. Lawrence H. White argues that government doesn’t necessarily know how to relieve economic woes, and in fact, often wastes and mismanages resources. Individuals in the market know better what they need in their circumstances, as economist Friedrich […]