Money and Banking
Fiat Money, Finance, and Production
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2015.
The Corrupt Origins of Central Banking in America
Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2015.
Central Banks and Our Dysfunctional Gold Markets
Gold prices are subject to manipulation in a variety of ways from the private sector, central banks, and governments. To see how gold fits into markets, we must look to see how "official" and "unoffocial" prices for the yellow metal are being shaped.
The Economics of Fractional Reserve Banking
The Fed’s Confusion Over the “Natural Rate” of Unemployment and Inflation
The Fed often uses the "natural rate" of unemployment to determine whether or not it should raise interest rates. But as with so many metrics the Fed uses, this one is based on arbitrary measures that can be manipulated to suit Fed policy.
Lenin and Marx: Sound Money Advocates?
Surprisingly, Marx and Lenin were occasionally insightful when it came to the problems and consequences of fiat money in the economy. In principle, they opposed unbacked currency. But of course, once communists seized political power, those principles went right out the window.