Money and Banking

I’d like to think Mises would have spared a few minutes of his precious time “exploding the fallacy”—an often used expression in his writings—of Bernanke’s most recent musings.

Governments worldwide are turning to "financial repression" to manipulate the economy through easy money and aggressive regulation. In the end, we'll find it will amount to little more than slapping a band-aid on a serious problem.

It is hardly a relief for British households that £100 worth of consumer goods will now cost them around £99.90, when other prices in the UK economy are experiencing a rapid inflation. 

With huge debts and an immensely inflated supply of dollars, the US is vulnerable to its own "Suez moment" in which foreign regimes can nullify American foreign policy without firing a shot.

Measuring aggregate prices through a consumer price index is inherently arbitrary because someone decides what to measure and how. There are better ways to do it, but "fixing" the measure will do nothing to fix the ills of the Fed's monetary policy.

In their new book The Next Generation of Austrian Economics, editors Per Bylund and David Howden bring together a thirteen young Austrian scholars into a new volume of scholarly commentary on money, banking, capital, risk, entrepreneurship, and more.

Today on The Santelli Exchange on CNBC, Rick Santelli acknowledged CHASE Bank's war on cash using Joe Salerno's Mises Wire post from Monday: 

Thanks to the central bank, those who worked hard and “played by the rules” all their lives now face an uncertain future as inflation c

In this lecture from last week's Sound Money seminar at the Mises Institute, Jonathan Newman explains the basics of how the central bank's distortion of interest rates and the money supply brings booms and busts.

At his new blog, Ben Bernanke is coming up with new excuses as to why the current recovery is so weak and why mega-low interest rates — and thus a lack of options for middle-income savers seeking interest income — aren't his fault.