Money and Banking

"Gold's market premium to the official price was no small matter as it questioned the very fundamentals of the planned monetary system."

Presented as part of the Mises Institute’s Brown Bag Seminar series on April 23, 1997 in Auburn, Alabama.

Although the dollar is no longer tied to gold, that will not stop the dollar price of gold from exploding when more investors realize that no one, not even a sharp guy like Ben Bernanke, ought to hold the fate of the world's economy in his hands.

Consider what it means to live through our times in the light of economic understanding. Even in the face of calamity, there is no mystery, and hence fear is reduced.

Recorded at the Mises Circle in Houston, Sponsored by Jeremy S. Davis; Saturday, 24 January 2009.

I conclude with an important final warning: naturally (and I must never tire of repeating it) the solution I propose is only valid in the context of an irrevocable decision to establish a free-banking system subject to a 100% reserve requirement on demand deposits.

Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.

Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.

Sponsored by the Mises Institute and held at the College of Charleston in South Carolina; 7-9 April 1995. Includes an Introduction by Llewellyn H.

Presented at the Mises Institute’s first conference, November 16-17, 1983; in Washington, DC.