Fractional Reserves and Economic Instability
Better economists recognize fractional-reserve banking as a major source of financial and economic instability.
Monetary Theory
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Yet Another “Operation Twist”?
The Fed's plan will fail: a fall in interest rates cannot cause the economy to grow.
Repudiating the National Debt
Although largely forgotten today, repudiation of public debt is a solid part of the American tradition.
A Deficient Understanding
Author Alan Uke identifies an unhampered market as the source of America’s economic ills and proposes more big government as the solution.
Tinker Bell Is Dead
The rest of Europe now wants the Germans to clap loudly and affirm, "I do believe! I do believe in fairies!"
An Austrian Defense of the Euro
The euro has ended monetary nationalism and is acting, even if only timidly, as a "proxy" for the gold standard.
The Fiasco of Fiat Money
Today’s worldwide fiat-money regime has effects that extend beyond what most people would imagine, writes Thorsten Polleit.
The Danger of External Debts
High public (external) debts and persisting import surpluses are signs of a weak currency.
The Fed’s Swap Bailout of the Eurozone
The highest cost of the Fed policy may be liberty in Europe.
The Worst of All Monetary Policies
Combining the balance sheets of commercial banks and the Fed provides insight into the expansion of the monetary sector as a whole.
