Jonathan Newman
Dr. Jonathan Newman is a Fellow at the Mises Institute. He earned his PhD at Auburn University while a Research Fellow at the Mises Institute. He was the recipient of the 2021 Gary G. Schlarbaum Award to a Promising Young Scholar for Excellence in Research and Teaching. Previously, he was Associate Professor of Economics and Finance at Bryan College. He has published in the Quarterly Journal of Austrian Economics and in volumes edited by Matthew McCaffrey and Per Bylund. His research focuses on Austrian economics, inflation and business cycles, and the history of economic thought. He has taught courses on Macroeconomics and Quantitative Economics: Uses and Limitations in the Mises Graduate School. He is the author of two children's books: The Broken Window and Ludwig the Builder. His commentary appears regularly in the Mises Wire and Power & Market.
Jonathan Newman Articles
Can you navigate booms and busts better than the Fed? The new “Federal Reserve Simulator” ($2.99 on Steam) gives you a shot. Gameplay is very simple. It’s turn-based and you only have a few policy levers to adjust. You are given a few data...
The most common argument against a commodity money is that it doesn’t expand and contract with the “needs of trade.” The idea is that if the economy grows, the money supply should grow with it. Under the gold standard, increasing the...
One of the central myths of the modern Federal Reserve is that it is “independent.” The idea is that the Fed is squarely focused on its dual mandate from Congress and is not influenced by politics, presidents, or pressure from the Treasury...
Richard Werner discussed three different views of banking during his appearance on the Tucker Carlson show: 1. The financial intermediation theory; 2. The fractional reserve theory (which includes the “money multiplier”); 3. The credit...
Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank fell like dominos in March–April 2023. The United States Treasury, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) intervened in an...
Murray Rothbard called Richard Cantillon the “father of modern economics.” While that title is often given to Adam Smith, Rothbard suggested that all the good things in Smith were first discovered by Cantillon or other pre-Smithian...
Price inflation statistics were a hot topic in 2023. Official measures, like the Personal Consumption Expenditures Price Index (PCE) and the Consumer Price Index (CPI), rose to levels not seen in over four decades.
Are the chickens coming home to roost for the US Treasury? As Ryan McMaken noted in a recent Mises Wire article, the United States is in a debt spiral and there’s no easy way out.
