Short Changing 100 Percent Reserves
Selgin (2009) offers a challenge to 100 percent reserve banking by noting that small change would be unprofitable with 100 percent reserve money.
Money and Banks
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Expansionary Monetary Policy and Decreasing Entrepreneurial Quality
Austrian business cycle theory has been criticized on the basis of “rational expectations.” That is, reasonably high quality entrepreneurs—which are required for economic growth
Monopoly and Competition in Money
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
Richard Cantillon: A Man of His Time: A Comment on Tarascio
Professor Spengler refers to Richard Cantillon as the first of the modems. Professor Tarascio presents him from a current perspective.
Negative Interest Rate: Toward a Taxonomic Critique
A basic principle of Austrian economics is that the originary rate of interest (the rate of discount of future goods compared to present, otherwise
The Poet as Economist : Shelley’s Critique of Paper Money and the British National Debt
Was Percy Shelley, the great English Romantic poet, a socialist?
The Epoch of National Socialism
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 as an Economic Intervention
Bankruptcy law is a system of interventionary legislation which interferes with the ability of individuals freely to establish the terms of loan co
The “True” Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy
Volume 6, Number 4 (Spring 1987)
Joseph T. Salerno discusses measuring the money supply of the U.S. economy.
The Other Side of the Coin: Free Banking in Chile [Full Edition of Vol. 10, No. 2]
Volume 10, Number 2
Murray N. Rothbard discusses the downsides to free banking, as evidenced by 19th century Chile.
