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Robert Blumen

Works Published inMises Daily ArticleThe Free Market

Robert Blumen, a software engineer with a background in financial applications. Blumen, who lives in San Francisco, has a physics degree from Stanford University and writes frequently for mises.org, LewRockwell.com, and other sites. He has spoken at economic and finance conferences on Austrian economics, and he is the editor of the podcast Software Engineering Radio.

All Works

Are Fractional Reserve Bank Deposits Money?

Money and BanksMoney and Banking

07/03/2020Mises Media
It is possible to conceive of a world where fractional reserve banking is understood by both banker and depositor and involves no deception or fraud. But in that world, deposits cease to be money and become complex credit securities.
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Are Fractional Reserve Bank Deposits Money?

Money and BanksMoney and Banking

Blog06/26/2020

It is possible to conceive of a world where fractional reserve banking is understood by both banker and depositor and involves no deception or fraud. But in that world, deposits cease to be money and become complex credit securities.

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Inequality is Overstated—and Overrated

CapitalismPovertySocialism

06/19/2020Mises Media
Measures of wealth inequality overstate actual inequality in terms of the standard of living of wealthy people relative to the rest.
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Inequality is Overstated—and Overrated

CapitalismPovertySocialism

Blog06/15/2020

Measures of wealth inequality overstate actual inequality in terms of the standard of living of wealthy people relative to the rest.

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We’re All in This Together. But Not in the Way You Think.

CapitalismFinancial MarketsMedia and CultureProduction Theory

05/22/2020Mises Media
Some claim "the rich" will be fine—or even better off—after the COVID panic destroys the economy for most of us. But there's a problem: the wealthy depend heavily on an economy fueled by the production and consumption of all workers and entrepreneurs.
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