Money and Banking

Displaying 281 - 290 of 1995
Murray N. Rothbard

Mises's fundamental accomplishment was to take the theory of marginal utility and apply it to the demand for and the value, or the price, of money. 

Frank Shostak

Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.

Brendan Brown

The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.

Frank Shostak

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

Alasdair Macleod

The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.

Robert P. Murphy

Are holders of banknotes implicitly lending funds to the issuing bank? Do historical periods of relatively free banking illustrate the stability of the system? A response to Bagus and Howden.

Joseph T. Salerno

The Fed’s monetary policy, except for very brief periods in 1929 and 1936–1937, was consistently and unremittingly inflationist in the 1920s and 1930s.

Frank Shostak

What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.

Edward W. Fuller

Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."