Money and Banking

Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic. How did we get here?

Jesús Huerta de Soto reviews Murray Rothbard's A History of Money and Banking in the United States: The Colonial Era to World War II.

Sponsored by Wilfried and Barbara Puscher.

While supporters of fractional reserve banking claim banks inform depositors that they are really lenders (and banks are borrowers), a survey of the fine print yields says otherwise.

Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.

Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.

While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse.

By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood.

Jonathan Newman joins Bob to explain why the data still support the case for recession and point out the eerie similarity to the calm before the storm in 2008.

David Brady, Jr. discusses his recent article at mises.org, in which he argues that the newly launched "FedNOW" system isn't a CBDC.