DIGG THIS This talk was delivered at the Mises Institute’s Supporters Summit, November 1, 2008, Auburn, Alabama. I originally conceived of this talk — a case for abolishing the central bank — as an applied update to my 1995 lecture at the Heritage Foundation on “Why Austrian Economics Matters.” That’s because so many of the policy ideas suggested within the Austrian framework can be subsumed under the need to abolish the central bank. The Austrian school has been battling the central bank since 1913 and before. Right now, the writings of our tradition are more prominent than ever before, thanks … Continue reading Understanding the Boom and Bust