expand credit to the extent that the risk of bankruptcy is reasonably avoided. Competition forces them to check their credit expansion. The question now concerns and uncoordinated credit expansion. As a result, the banks set a combined policy of simultaneous credit expansion. These policies permit them to keep their solvency, to maintain their reserves in relation
spending programs. He wants to dollarize the country and open it up to currency competition. Milei also puts his own country first: Argentina first. Right-wing in the world at the beginning of the 20th century thanks to classical liberal policies and was destroyed by socialism in the 20th century. In 35 years, Milei
dialogue of the Elizabethan age (1581), called “A Brief Conceipte of English Policy,” showed perfect insight into the subject. Of all writers, M. Chevalier, quality of money. Let us first look at how the quantity of money increases in free competition. Two characteristics of money production in the free market influence the
by 100 percent, the average quality of base money falls. After these expansionary policies, only 10 percent of base money is backed by gold and 90 percent is backed by expand credit to the extent that the risk of bankruptcy is reasonably avoided. Competition forces them to check their credit expansion. The question now concerns an independent and uncoordinated credit expansion. As a result, banks set a common policy of simultaneous credit expansion. These policies permit them to remain
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.