Money and Banks

Displaying 1891 - 1900 of 2787
Joseph T. Salerno
Ludwig von Mises said that there can never be too much of a good theory. Salerno proves it in this sweeping and nearly comprehensive book on applied Austrian monetary theory. He uses the Mises/Rothbard theory of money to reinterpret historical...
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Richard Cantillon

Richard Cantillon saw the essence of the business-cycle problem long ago. When the government's national bank inflates the money supply by increasing the supply of banknotes, he writes, it reduces the rate of interest and can increase the price of stocks. This is a corrupt process.

Robert Blumen

The Wikipedia entry  on the real-bills doctrine advances the controversial proposition that banks can increase the quantity of money without diminishing the purchasing power of each unit. I will refer to it as the Sproul doctrine.

Friedrich A. Hayek

The Economist, May 11, 1935

Thorsten Polleit

The only chance to prevent the exchange value of fiat money from collapsing altogether is a return to sound money — a way that would start by reanchoring fiat monies to gold, as outlined most prominently by Mises, Rothbard, and Sennholz.

Robert P. Murphy

This is the sense in which our fiat-money, fractional-reserve system uses "debt-based money."