New book by NPRI policy fellow

Steven Miller

If you ask Doug French, he’ll tell you how much he enjoyed the late Murray Rothbard’s tenure at the University of Nevada, Las Vegas, during the 1990s and how large an impact Murray’s insights had on him. Now, years later, Doug works in behalf of Murray’s vision as executive vice president of the Mises Institute , and even now has an extremely timely new book out: Early Speculative Bubbles & Increases in the Money Supply

The book — which began as Doug’s master’s thesis while a student of Professor Rothbard — examines three of the most famous speculative bubble episodes in history through the lens of Austrian Business Cycle Theory.

From the review on “Although these episodes occurred centuries ago, readers will find the events eerily similar to today’s bubbles and busts: low interest rates, easy credit terms, widespread public participation, bankrupt governments, price inflation, frantic attempts by government to keep the booms going, and government bailouts of companies after the crash.”

Steven Miller

Senior Vice President, Nevada Journal Managing Editor

Steven Miller is Nevada Journal Managing Editor, Emeritus, and has been with the Institute since 1997.

Steven graduated cum laude with a B.A. in Philosophy from Claremont Men’s College (now Claremont McKenna). Before joining NPRI, Steven worked as a news reporter in California and Nevada, and a political cartoonist in Nevada, Hawaii and North Carolina. For 10 years he ran a successful commercial illustration studio in New York City, then for five years worked at First Boston Credit Suisse in New York as a technical analyst. After returning to Nevada in 1991, Steven worked as an investigative reporter before joining NPRI.