From Prosperity and Depression: A Theoretical Analysis of Cyclical Movements, G Von Haberler, rev ed., 1939, published by League of Nations:
Prosperity comes to an end when credit expansion is discontinued. Since the process of expansion, after it has been allowed to gain a certain speed, can be stopped only by a jolt, theere is always [...]

ILLUSIONS EVAPORATE
On 4 March 2009 the Armenian Dram went poof, on 6 February 2009 the Kazakhstan Tenge went poof, in October 2008 the Iceland Krona went poof, during 2008 the British Pound went poof and the Continental Dollar went poof prompting the Founding Fathers to craft particular monetary powers and disabilities in the United States Constitution.
Nevertheless, [...]

An extract from the book Money by Hartley Withers, 1935:
Since, then, it seems to be true that prices vary with fluctuations in the quantity of money, and since the quantity of gold, and consequently of gold-paper money, has certainly varied considerably in the past, and price have varied with them, the critics of the gold [...]

Nice reply to Michael Sesi’s Bloomberg piece “Gold Standard Fans Yearn for Great Depression” by Robert P. Murphy of the Mises Institute:
But that is clearly not what Sesit is arguing in his Bloomberg piece. No, he is arguing that the gold standard is a bad idea because it keeps the central bankers from using all [...]

To partisans of the Austrian theory of the business cycle, the cause of the current financial crisis is as plain as day — and that’s why we’ve been predicting it for years. You would think that the neo-Keynesians, monetarists, and Marxists who made fun of us Austrians in 2006 and 2007, and said we’d never [...]

One good thing about the current economic crisis is that it has greatly increased people’s interest in Austrian economics in general, and in the gold standard in particular. There had already been several high-profile leaders in economics, finance, and business who had come out in favor of hard money and abolishing the Fed. Then on [...]

There’s been a lot of chatter in the financial news this
past week concerning deflation, with one blogger for the Motley Fool [http://caps.fool.com/blogs/viewpost.aspx?bpid=111216&t=01001019292467236494]
even proclaiming, “Clearly deflation is here.” But is it?

Are we there yet?
Deflation is defined as falling prices over a lengthy and sustained
period of time, often combined with a decrease in the money supply. Therefore,
an [...]

On October 13, British Prime Minister Gordon Brown called for a new-world financial order. “We must create a new international financial architecture for the global age,” Brown said. “We must have a new Bretton Woods.”
Brown’s statement echoed the sentiments of French and EU president Nicolas Sarkozy, who on September 26 said, “We must rethink the [...]

Evelyn Black wrote a great blog on September 26 explaining the financial inter-connectedness of the U.S. and China. To sum it up, she says that the U.S. imports more from China than it exports to China. This difference, the trade deficit, is made up by the Chinese government’s investment in U.S. government debt. In other [...]

Based on a  September 18 Times (UK) report regarding the meeting of Middle Eastern finance ministers, the question was asked about the veracity of a plan for a single currency for the Middle East based on oil.
The answer is both true and false and maybe.
Yes, the immediate goal of the meeting last week was to [...]