Central Banks

Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s.

States can vastly expand their own power when they can print their own money. This is why virtually all governments have a central bank.

Ruchir Sharma, a non-Austrian, gets it right. He lends strong support to the Austrian position that because competition moves resources to where they best fulfill consumer demand, the government must not interfere with this process by bailing out businesses that fail.
 

The newly-released 2025 Sound Money Index has identified Wyoming, South Dakota, and Alaska as the states with the most favorable policies toward constitutional sound money, while Vermont, Maine, and California take the most hostile stances.

David Glasner shares his perspectives on the famous Sraffa-Hayek debate, a topic on which he has expressed disagreement with Bob in print.

Like Orwell‘s famous statement from Animal Farm, “All animals are equal, but some animals are more equal than others,” it turns out that bank bailouts are not as equal as the state would like us to believe. Unsurprisingly, benefits accrue to the banks with the biggest depositors.

On this episode of Radio Rothbard, Jonathan Newman joins Ryan and Tho to discuss the Mises Institute’s new documentary, Playing With Fire: Money, Banking, and the Federal Reserve.

Tom DiLorenzo appears on Stacy Washington NOW to explain why there is no shortcut to economic prosperity.

Murphy lays out the various camps in the debate over fractional reserve banking.

A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.