Money and Banking

Displaying 31 - 40 of 1936

Real Savings Are at the Heart of Lending

Money and Banking

Blog03/30/2021

Trouble emerges once banks start to engage in lending unbacked by real savings, this gives rise to the expansion of credit out of “thin air.”  This in turn sets in motion the menace of the boom-bust cycle.

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Why Is Economic Journalism So Bad?

Economic PolicyFinancial MarketsU.S. EconomyMonetary TheoryMoney and Banking

Blog03/16/2021

The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.

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China's Monetary Tradition and the Origins of Money

Money and Banking

Blog03/15/2021

China was one of the first countries to develop a metallic money that was valued and exchanged by weight. Evidence suggests that this monetary regime originated during the Shang Dynasty (1766–1122 BC). 

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MMT Is Fake Economics

Money and Banking

Blog03/15/2021

Monetary sovereignty is not something the government decides. It all depends on the public's demand for a currency. That demand comes and goes, and once it's gone, a currency is irreparably damaged. 

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Why Europe's Left Wants a European Financial Superstate

Global EconomyMoney and Banking

Blog03/08/2021

If Europe wants to build wealth for its poorest members, it needs private entrepreneurship. But entrepreneurs need exactly the opposite of the Keynesian plan for building a European superstate. 

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The Fed's Money Supply Measures: The Good News—and the Really, Really Bad News

Money and Banking

Blog03/06/2021

Here's a likely reason the Fed has chosen to hide its data on government deposits: the explosion of Treasury deposits at the fed “fuels … suggestions that the Fed is directly financing the government [and] foster[s] uncertainty about central bank independence.”

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To Understand Economics, First Understand Private Property

World HistoryMoney and Banking

Blog03/06/2021

Rothbard recognized that money and exchange could not develop without first establishing private property. So Rothbard also recognized that it was important to develope theories of how private property might come about. 

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Is Money a Creation of Government?

Money and Banking

Blog03/04/2021

Using the Mises’s regression theorem, we can infer that it is not possible that money could have emerged because of a government decree as suggested by the modern monetary theory (MMT).

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When I Toured East Berlin with Murray Rothbard

Money and Banking

Blog03/03/2021

Murray Rothbard didn’t need to explain to me on the bus why East Berlin, the so-called Paris of Eastern Europe, was a broken-down dump. He already had explained it to me in his numerous writings.

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Stagflation Cometh

Money and Banking

Blog03/01/2021

As the money supply has skyrocketed, money has flooded into stocks, bonds, single-family housing, and crypto. But this doesn't translate into general prosperity for the countless unemployed and underemployed who face rising prices. 

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