Money and Banks

Recorded at Mises University 2010. Includes an introduction by Mark Thornton. 

Recorded at Mises University 2010. Includes an introduction by Mark Thornton. 

The horror of starvation no longer terrifies men living in a capitalist society.

If banks and other credit institutions are multiplied, and if credit operations are facilitated by public security, good administration of law, etc., less money is needed.

Instead of addressing the Depression though the proven expedient of private-bank-issued scrip, the Roosevelt administration's plan involved suspension of the gold standard, followed by devaluation and the abrogation of the gold clause, cartelization of the banks of the country, the National Recovery Act, the Wagner Act, the alphabet-soup agencies, Social Security, and the beginning of an ever-expanding government.

From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.

From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.

Governments have caused the monetary and economic debacle by taking control of money production.

From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank

From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank