Money and Banks

The State applies itself to loading everybody’s brain with prejudices, and everybody’s heart with sentiments favorable to the spirit of anarchy, war, and hatred;

In this paper the theory of optimum currency areas (OCA) is presented, and then I will attempt to prove:

1. The OCA theory is nonoperational and irrelevant in dealing with the present international monetary situation.
2. The basic postulates of OCA theory are internally inconsistent and incompatible with economic theory.

Between 1830 and 1903, Sweden experienced one of the longest and most successful free-banking periods in history. During this period, private note issuing banks were allowed and prospered. 

Selgin (2009) questions the practicality of 100 percent reserve requirements applied to small change. He interprets the private coinage of small change in 18th century England as embodying fiduciary media

This paper provides an empirical investigation of the role of monetary policy in the determination of interest rates and consumption as developed by capital-based macroeconomics

In two by-elections in the spring of 1996, the Front National (FN), the party of the radical right in France, helped several candidates of the left

Bankruptcy law is a system of interventionary legislation which interferes with the ability of individuals freely to establish the terms of loan co

The inflation which seems to have become endemic to much of the world, along with the perception that the prime culprits are the monopolistic issue

Professor Spengler refers to Richard Cantillon as the first of the modems. Professor Tarascio presents him from a current perspective.

A basic principle of Austrian economics is that the originary rate of interest (the rate of discount of future goods compared to present, otherwise