Money and Banking

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Sovereign Debt is Eating the World

Financial MarketsWorld HistoryMoney and Banking


Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic. How did we get here?

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Rothbard: Understanding the History of Banking from an Austrian Perspective

Central BanksAustrian Economics OverviewBusiness CyclesMoney and Banking


Jesús Huerta de Soto reviews Murray Rothbard's A History of Money and Banking in the United States: The Colonial Era to World War II.

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Is the Money in Your Checking Account Yours or the Bank's?

LanguageMoney and BankingOther Schools of Thought


While supporters of fractional reserve banking claim banks inform depositors that they are really lenders (and banks are borrowers), a survey of the fine print yields says otherwise.

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Is the US Banking System a House of Cards Waiting to Topple?

Booms and BustsMonetary PolicyMoney and BanksU.S. EconomyMoney and Banking


Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.

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FedNow Isn't a CBDC, but It Is Dangerous

The FedMoney and BanksU.S. EconomyMoney and Banking


While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse.

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Why the Official Data Shows There's No Recession

Central BanksInterventionismMoney and Banking


As government weight in the economy rises faster, technical recessions may not appear in the official data, but citizens suffer it, nevertheless. 

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Banks Create Money out of Thin Air. What Could Possibly Go Wrong?

Booms and BustsThe FedInflationMoney and BanksMoney and Banking


How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

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Voters Hate CBDCs. Why Do Governments Keep Pushing Them?

PoliticsThe Police StateMoney and Banking


Why do governments keep pushing CBDCs when voters hate them? Simple: CBDCs are irresistible to governments, who would dearly love to monitor and control every dollar you spend and every word you speak.

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Rothbard: Essentials of Money and Inflation

Big GovernmentThe FedMoney and Banking


The government and its central bank act precisely as would a grand counterfeiter, with very similar social and economic effects.

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Is There an Optimum Growth Rate of Money?

InflationMonetary PolicyInterventionismMonetary TheoryMoney and Banking


Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.

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