Why Fractional Reserve Banking Poses a Threat to Market Stability
Mises advocated free banking because he thought it would restrain fractional reserve banking, which he viewed as the cause of unsustainable booms.
Money and Banks
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What Determines a Currency Exchange Rate?
As far as the currency exchange rate determination is concerned, the essential variable is the relative changes in the purchasing power of various monies.
The Specific Value of Money
"Different people and the same people at different times value the same objective facts in a different way."
Is the Eurocrisis Over?
There are several reasons why the euro crisis is far from being over and government finances still unsustainable.
The Keynesian Multiplier Is an Illusion
Keynes's writings remain as influential today as they were 80 years ago. Isn't it time for a re-evaluation?
The War on Cash Is Even Worse than It Seems
The abolition of cash threatens to cause widespread economic damage and have a devastating impact on many of the most vulnerable in our society.
How High Is The Risk of a Currency Crisis?
The monetary policy that governments and central banks are calling for is quite apparent: “Keep it going, whatever it takes.”
America Picks a Fight With its Largest Foreign Creditor
Pursuing a trade war with your largest creditor, whose also on the edge of insolvency, is a recipe for financial meltdown.
Low Unemployment Is Not the Cause of Inflation
An overheating economy emerges once expenditure rises without being backed up by production, a situation that emerges when the money stock is increasing.
Rothbard’s Monetary Thought
An overlooked volume of essays deals with Rothbard's monetary thought. Martin Stefunko regards it as mixed but valuable.
