Money and Banks

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Frank Shostak

The only reason why the illusion that central authorities can grow an economy appears to be real is because of a still expanding pool of real savings.

Alasdair Macleod

The EU’s precariousness will only be fully exposed by the next credit crisis and the ECB’s response to it, which will end up collapsing the euro.

Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.

Frank Shostak

It's true that the Fed doesn't directly set a target for money creation. But by setting interest-rate targets, the Fed adopts a de facto policy of money creation. 

Frank Shostak

Creating money out of thin air always sets the boom-bust cycle in motion, even when there's an increase in the demand for money. 

Nomi Prins

In this 40-minute presentation, Nomi Prins explains the cronyism and secret dealings of central banks.