Money and Banking

From the

The Austrians began with the actions of the individual. Economic value, for example, consisted of the valuations made by choosing individuals, and prices resulted from market interactions based on these valuations.

From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.

From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.

But as long as people can be led to believe that running the printing press and issuing fiduciary media can substitute for saving and capital accumulation as a way to achieve prosperity and create wealth — or, yes, prosecute a war — government will continue to get away with this particularly insidious and underhanded form of expropriation.

From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.

In the New York Times, Joseph Stiglitz, a Nobel prize winner in economics, has an article titled

From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.

From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.

What is really stopping a much-needed change is public ideology. So long as the political system encourages the idea that government is the savior of mankind, the solver of all human problems, the machine that will bring freedom to the world through tanks and bombs, we are going to have the problem of monetary instability.