It’s the deposits. Bankers never used to worry about the money customers left in their banks. When deposited, the money was lent out while depositors could come and get their money anytime if it was a demand deposit. Thus, the depositor and the borrower had the use of the same money at the same time. Murray Rothbard called it fraud.

Many economists believe that technical knowledge is the key to economic growth. If this is the case, why do third world economies continue to experience poverty, since these economies can access the same technical knowledge as the developed world? Therefore, technical knowledge being the key to economic growth is not the case as economic growth depends upon the pool of consumer goods.

Christian conservatives, for the most part, are relatively receptive to free markets, or at least a generalized concept of what used to be called free enterprise. (This is as opposed to a lot of evangelical economists teaching at Christian colleges that embrace socialism in one form or another as THE Christian version of economics.)

As Bob Murphy and I discussed on the Human Action Podcast, economists and financial news media are already declaring macroeconomic victory by claiming that the Federal Reserve has achieved a “soft landing,” meaning that they have raised interest rates just enough to quell price inflation without causing a crisis or recession. Even Fed Chair Jerome Powell has backed off from his previous recession forecast.

Centro RBS, a libertarian voice in Mexico promoting sound economics, has published Per Bylund’s book How To Think about the Economy: A Primer into Spanish. They also feature an interview on their website, in English, with Per Bylund about the impact of his book.

Threats to freedom of speech and efforts to suppress dissenting views and voices have been on the rise over the past decades. They were exponentially intensified since the ascent of social media, and as the political polarization in the West truly took hold of our societies, the powers that be have been using any and all tools at their disposal to “defend” the interests of the establishment against those who might try to publicly question its policies (or even worse, its purpose).

“A fair, open, and competitive marketplace has long been a cornerstone of the American economy, while excessive market concentration threatens basic economic liberties, democratic accountability, and the welfare of workers, farmers, small businesses, startups, and consumers.”