The Case Against Currency Boards
The authors argue that a currency board is a creation of the state, aiming at granting particular political favors,and purposefully designed to secure the reappearance of an independent domestic money producer.
The authors argue that a currency board is a creation of the state, aiming at granting particular political favors,and purposefully designed to secure the reappearance of an independent domestic money producer.
During the late nineteenth century, when silver agitation threatened the gold standard in the United States, gold bonds offered investors some protection from the uncertainties concerning the monetary standard in the United States.
Selgin (2009) offers a challenge to 100 percent reserve banking by noting that small change would be unprofitable with 100 percent reserve money.
What defines a "good society" and how can we use finance to achieve it? Robert Shiller takes the former question as settled, and dedicates his new book Finance and the Good Society
In “Government Regulation and Intergenerational Justice,” Rolf Sartorius argues that some government regulation is justified in order t
Bankruptcy law is a system of interventionary legislation which interferes with the ability of individuals freely to establish the terms of loan co
Murray N. Rothbard discusses the downsides to free banking, as evidenced by 19th century Chile.
Professor Karl Socher of the University of Innsbruck, Austria discusses Austrian Economics in
Joseph T. Salerno discusses measuring the money supply of the U.S. economy.