Fiat Money: The Root Cause of Our Financial Disaster
Unemployment, stagnant growth, and financial market convulsions can all be traced to a single decision.
Money and Banking
Displaying 1251 - 1260 of 2003
First in Line for New Money
Increases in money aren't sprinkled from the sky or distributed randomly throughout the population. They occur through the commercial banking system and the Federal Reserve. Those who receive the money first benefit at the expense of those receiving the money last.
The Sovereign Debt Crisis
The situation has become serious. Eurozone currencies will dissolve back into regional currencies.
How the Stimulus Racket Works
Starting with President Bush, and continuing into President Obama’s term, the US government has paid out more than $11 trillion in stimulus money.
(Un)happy Birthday, Fiat Money
Forty years ago today, on the morning of Sunday, August 15, 1971, the US president, Richard Nixon, declared the inconvertibility of the dollar into gold. It was to be the great liberation that Keynesians and governments had dreamed of for decades. The results, however, have been catastrophic.
Rothbard’s The Mystery of Banking
Every student in a money-and-banking course should read this book at least twice.
Repudiation Is an Option
We have a government that cannot control its spending, and we have a national debt that cannot possibly be paid back.
