Money and Banks

In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary.

Although fractional reserve banking is the most popular model for banking, it is fraudulent at its core, something the Austrians have noted for many years.

The Murray N. Rothbard Memorial Lecture. Sponsored by Steven and Cassandra Torello.

Joakim Book reviews Hidden Cost of Money by Seb Bunney. While the book makes some good points, it leaves much to be desired.

On February 5, 2024, Oklahoma Representative Cody Maynard introduced

In a new book, The Natural Order of Money, Roy Sebag argues that money is the "extension of the natural order," and that it is not arbitrary.

Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.

Central banks have had the chutzpah to claim credit for slowing down the rise of consumer prices. The truth is they have taken advantage of the supply boost from fading pandemic dislocations to pursue continued monetary inflation.

Few economists—even the free-market advocates—understand what caused the Great Depression. No, the Fed didn’t cause the Depression by failing to inflate the currency. Instead, it was the Fed’s inflation that led to the disastrous early events.

When governments go to war, the nation’s monetary system usually descends into the pit of inflation. The War of 1812 was no exception, and its monetary excesses led to the Panic of 1819.