Money and Banking

Professor White's lecture showed that, historically, a free-market approach to the banking industry is less prone to crises and operates efficiently through the invisible hand of the market.

There are only inflationists on Capital Hill and Obama has a bigger bag of boondoggles than FDR could have ever imagined.

Even if the "debt deflation" scenario is generally right, the absolute effect could be swamped by the relative effects, meaning that retirees on fixed dollar incomes could still get wiped out when their standard monthly expenses rise.

Pages 230-232. Narrated by Jeff Riggenbach. 

Presented at Rhodes College in Memphis, Tennessee, on 9 March 2009. This audio is made available by Art Carden.

The Fed is a racket at heart, a con game writ large — what else can you call an organization with the exclusive privilege of printing money in the

Tom Woods has made an invaluable contribution with his latest book. The public today looks for an explanation of the current economic crisis and a prescription for recovery.

The problem is not really economic but political. And as long as "the leadership of the Party" and "Marxism, Leninism, Mao Ze-dong thought" remain enshrined in the preamble to the Chinese constitution, the solution is likely to remain as elusive as ever.

"In a year or two, we just moved right from that stock-market bubble, almost seamlessly, into the real-estate bubble, and nobody could see that there was any similarities."

From Part V of Defending the Undefendable, “Financial.” Read by Jeff Riggenbach.