Money and Banking
Central Banks Brought Inflation. Now they Bring Stagnation.
By ignoring monetary aggregates, central banks may cut rates with no real effect on the productive economy and solve nothing. There may be a significant contraction in economic activity even if rates decline, as credit availability worsens even with declining rates, but markets keep inflating the financial bubble.
Sovereign Debt is Eating the World
Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic. How did we get here?
Rothbard: Understanding the History of Banking from an Austrian Perspective
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.
Is the Money in Your Checking Account Yours or the Bank’s?
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.
Is the US Banking System a House of Cards Waiting to Topple?
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
Is the US Banking System a House of Cards Waiting to Topple?
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
FedNow Isn’t a CBDC, but It Is Dangerous
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.
Taking Back the Meaning of “Inflation”
By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood.