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The Money Multiplier: Myth or Reality?

Mises DailyDecember 16, 2002
The existence of the money multiplier is the outcome of fractional reserve banking, writes Frank Shostak, which the current banking system makes possible. The money multiplier is not only real; it is a good tool to help us understand the process by which the banking system creates inflationary...

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The Need for 100% Reserves

Mises DailyApril 12, 2011
No one will suspect John Adams of demagogy, but he was quick to denounce any issue of private bank notes as a fraud upon the public.

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Credit Policies of the Federal Reserve System

BooksJuly 17, 2009
Charles Hardy examines the history of the Federal Reserve's policies and their impact on the organization of the banking system in the post-World War I period...

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America's Money Machine: The Story of the Federal Reserve

BooksMay 27, 2009
Groseclose shows that at no time in its history has the Fed actually achieved what it promised: low inflation, economic stability, stable growth, reliable regulation of the banking system.

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Effects of the War on the Money, Banking, Credit System of the United States

BooksSeptember 27, 2011
Students of money and banking will find this volume filled with solid information and marked by penetrating insight and illuminating interpretation.

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History of Crises Under the National Banking System

BooksOctober 13, 2009
The crisis of 1873 was preceded by four years of general economic activity, which was by no means confined to the United States. In agriculture, manufactures, and transportation much real progress was made, but, as subsequent events proved, the pace was more rapid than was consistent with healthy...

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Money, Bank Credit, and Economic Cycles

BooksMarch 15, 2006
The three years since the publication of the previous English edition of Money, Bank Credit, and Economic Cycles have seen a continuation of the economic recession process set in motion after the 2007 financial crisis. This process has consisted of the inevitable microeconomic readjustment and...

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Money, Banking, and the Federal Reserve

JournalsJanuary 24, 2008
The complete transcript of the Institute's famous documentary on the Federal Reserve...

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Organization of Debt Into Currency and Other Papers

BooksMarch 21, 2006
Princeton, NJ: D. Van Nostrand Company, Inc., 1964. From Murray Rothbard's History of Economic Thought: "One of the most unusual — and most advanced — of the American admirers of Fredéric Bastiat was the Boston merchant Charles Holt Carroll (1799–1890). A staunch adherent...

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The Origins of the Federal Reserve

BooksFebruary 8, 2011
The Fed did not originate as a policy response to national need. It was founded by two groups of elites: government officials and large financial and banking interests.

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"Banish Fractional Reserve Banking for Real Reform"

BlogJune 25, 2013

. . . says Thomas Mayer, a former IMF economist and former Chief Economist of Deutsche Bank Group and Head of DB Research, and now a Deutcshe Bank Senior Advisor. In a letter today to the Financial Times, Mayer writes:...

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History of Money and Banking in the United States: The Colonial Era to World War II

BooksJuly 20, 2005
Rothbard covers money and banking in the whole of American history, to show that the meltdown of our times is hardly the first.

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Duncombe's Free Banking

BooksMay 27, 2009
From the author: If you desire to perpetuate republican institutions in the United States; if you have studied the political history of our country, and become thoroughly acquainted with the elementary principles of our government; and if you have made yourselves familiar with political and public...

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Complete Libertarian Forum (1969-1984)

BooksJanuary 22, 2010
Libertarian Forum existed from 1969 to 1984. It was a passionate, smart, gossipy, and often shocking newsletter that is as fresh today as when it was written.

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The Case for a 100 Percent Gold Dollar

BooksFebruary 19, 2011
Rothbard shows how money must originate from a commodity.

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Market Theory and the Price System

BooksFebruary 9, 2007
Israel Kirzner's outstanding book on price theory.

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Foundations of the Market Price System

BooksApril 19, 2007
Murray Rothbard just loved this Austrian text on microeconomic theory.

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Karl Marx and the Close of His System

BooksJuly 20, 2005
Böhm-Bawerk critiques Karl Marx and his fundamental failure to understand the workings of the capital market and its relationship to value.

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The Strike-Threat System

BooksJanuary 1, 2009
Hutt argues that it is not the strike but the strike threat that makes unions so incredibly costly to American prosperity.

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