Money and Banks

Obama’s recent trip to Beijing revealed that China is ready to begin the operations of the Asian Infrastructure Investment Bank (AIIB)—another inte

Thorsten Polleit writes (originally in German):

Eighty years ago, Mises’s The Theory of Money and Credit first appeared in English.

Eighty years ago, Mises's The Theory of Money and Credit first appeared in English. It remains one of the most important books on money and inflation penned in the twentieth century, and it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.

The Fed has ended Quantitative Easing.  But this does not mean the era of easy money is over. In fact, the data shows that the Fed's policies will continue to ensure that malinvestments, instability, bust, and economic displacement will continue. 

 The 2022 Olympics (i.e., the Winter Games) is now down to only two applicant nations: China and Kazakhstan.

Tom Woods and Mateusz Machaj discuss the problem with John Taylor's rule for monetary policy.

Robert Murphy explains why people trade goods, and the role of money.

Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank. But do we really want central banks that reward insolvency and encourage inefficiency? 

Mr.