Money and Banking

Displaying 221 - 230 of 2003
Robert P. Murphy

Robert Murphy defines some of the conventional “monetary aggregates,” such as M1 and M2, and gives the textbook rundown of how the Federal Reserve and commercial banking system “create money” when the Fed buys assets and the commercial banks extend new loans.

Robert P. Murphy

Why do we have money in the first place? Where does it come from, and what determines its form? What qualities make for a good money? What role do banks play—is it something other than what money itself does for us?

Joseph T. Salerno

Judy Shelton may be a tolerable—at least to Republicans—candidate for the Federal Reserve Board of Governors.

Kristoffer Mousten Hansen

Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.

Frank Shostak

The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.

Brendan Brown

If the small sample size of monetary history is any guide, the combination of asset market crashes and high goods inflation empowers sound money forces in the political arena. At the moment, neither of those factors are in play.

Frank Shostak

Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.

Mark Gertsen

Can policy-induced deviations from the natural rate of interest increase roundaboutness in production? Mark Gertsen studies 28 developed economies using an ARDL model, and finds Austrian boom-bust dynamics.

Robert P. Murphy

The Understanding Money Mechanics series by Robert P. Murphy, is a comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States.