Money and Banking

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(25:00)

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.

Professor Roger Garrison discusses Time and Money at the 2002 Austrian Scholars Conference.

Recorded at Mises University 2001.

Recorded at Mises University 2003.

John P.

Recorded at Mises University 2003.

Recorded at Mises University 2001.

Recorded at Mises University 2005.

Recorded at Mises University 2001.