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?
Jeff Deist and Claudio Grass discuss the uniquely Swiss mindset behind the upcoming Swiss gold referendum.
A little over a year ago, Canadians were alarmed
In their new book “Money”, Steve Forbes and Elizabeth Ames write with insight about the dangers of inflation and easy money, but ultima
When all you can do is exchange one good for another, life will be inconvenient when nobody has what you really want. Enter money. You exchange your good for money. That money can now be exchanged for what you desired. These indirect exchanges satisfy everyone. That's the power of money.
How is socialism related to money? Money should be produced just like other goods through free markets. Central banks should not be controlling money, banking and credit.
The Federal Reserve manipulates interest rates -bringing rates so artificially low that borrowing money is at greatly reduced cost. Housing developers saw they could build everywhere.
This lecture by Philipp Bagus was presented at the 2012 Mises University in Auburn, Alabama. Includes an introduction my Mark Thornton.
This lecture by Philipp Bagus was presented at the 2012 Mises University in Auburn, Alabama. Includes an introduction by Mark Thornton.
