Money and Banking

In reality, money is as easily supplied by the free market as any other good.

In real life, Keynesianism doesn't work; the government bails out the bankers and then depressions last a long time.

These increases may not show up in the price of US financial assets, but they will rear their ugly heads at the gas pump and grocery checkout.

When a merchant borrows 20,000 francs to purchase a house, it is not the 20,000 francs which he owes, but the house. Money only appears for the sake of facilitating the arrangements between the parties."

"Real GDP has nothing to do with the real world."

The expansion of the welfare state is used to legitimize the expansion of the corporatist-warfare state. We march towards slavery, accompanied by songs of fairness and change.

The task of the theory of money consists merely in dealing with that component in the valuation of money which is conditioned by its function as a

"The gold-exchange standard establishes a system, in the name of gold, which in reality manages to install coordinated, international, inflationary, paper money."

"As well as repudiating the Mississippi Union Bank bonds in 1840, the state effectively repudiated the debts owed to the state banks."

Securitization is a financial technique that permits the exchange of relatively nonmarketable credit claims for liquidities.