Money and Banks

Includes awarding the 2024 Mises Institute Peterson-Luddy Chair in Austrian Economics to Dr. Jeffrey Herbener.

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.

When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more. The permanent regime of inflation and asset bubbles is the result.

Dr. Philipp Bagus explains the main ideas from his new book which defends Misesian business cycle theory from a recent critique.

A recent fraudulent check-kiting scheme featured on TikTok bears resemblance to some of the "free money" schemes that have been coming from the Federal Reserve.

Paul Cwik revisits the podcast to explain his new book, which aims to simplify ABCT for economics students and professors.

The so-called great minds in economics and finance claim that gold is a “barbarous relic” or a “shiny,” worthless rock. Gold is neither. Despite the steady attacks on its integrity, gold remains a good place to put one's money.

Tom Luongo explains the different factions among bankers, including rivalries between New York and San Francisco, and the US versus Europe.

Sound money advocates are today hailing their hard-fought victory today as New Jersey’s Senate Bill 721 was signed into law—thereby removing sales taxes on purchases of gold, silver, and other precious metals above $1,000.

What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.