Austrian Economics Overview

Recorded at Mises University 2001.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(24:29)

One of the most difficult things to understand about banking is how money is created out of thin air.  Current commercial bank liabilities are immediate. The banks do not have the reserves to redeem all demand notes. Thus, banks are inherently insolvent. But, government has eliminated runs on banks. Banks are not allowed to fail when they are mismanaged.

Recorded at Mises University 2001.

Recorded at Mises University 2005.

Recorded at Mises University 2001.

Recorded at Mises University 2003.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(25:00)

Rothbard covers the principles of demand and supply curves. Prices are at the seat of the whole system. Use the logic of reality. The most mobile labor force is teenagers. Over time, capital equipment per laborer increases. Real wage rates increase. Consumer prices decrease.

Professor Roger Garrison discusses Time and Money at the 2002 Austrian Scholars Conference.