Money and Banking
Displaying 1431 - 1440 of 2007
On the Road to the Servile State
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 Specific Value of Money
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
Origins of the Federal Reserve
"The gold-exchange standard establishes a system, in the name of gold, which in reality manages to install coordinated, international, inflationary, paper money."
Debt and Repudiation in Mississippi
"As well as repudiating the Mississippi Union Bank bonds in 1840, the state effectively repudiated the debts owed to the state banks."
Securitization and Fractional-Reserve Banking
Securitization is a financial technique that permits the exchange of relatively nonmarketable credit claims for liquidities.
A Free-Market Operative in the Bowels of Bureaucracy
Eventually, every aspect of productive life will be so controlled that capitalist drive and ingenuity will become relics of the past.
The Case for Hoarding
Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser—a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it; that is, declining to spend it. Hoarding is a strategy for achieving personal goals or for dealing with economic uncertainty.
The Gold Standard and the Great Depression
It makes no sense to say that the major dislocations of the world's economies in the 1930s could have been solved simply by printing up pieces of paper.
Does a Fall in Credit Lead to Deflation?
"A fall in normal credit (i.e., credit that has an original lender) doesn't alter the money supply and hence has nothing to do with deflation."
