Money and Banking
The Biggest Lies about Recessions and War
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(24:29)
Did Greenspan Deserve Another Term?
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(25:00)
Banking and the Business Cycle
One of the most difficult things to understand about banking is how money is created out of thin air. Current commercial bank liabilities are immediate. The banks do not have the reserves to redeem all demand notes. Thus, banks are inherently insolvent. But, government has eliminated runs on banks. Banks are not allowed to fail when they are mismanaged.
Time and Money
Professor Roger Garrison discusses Time and Money at the 2002 Austrian Scholars Conference.