Money and Banks

Cowperthwaite, along with many Austrian School economists, has proven that economics is only a dismal science when interventionist economists insist on making it one.

The international gold standard works without any action on the part of governments.

Copernicus became the first person to set forth clearly the “quantity theory of money,” the theory that prices vary directly with the s

The attempts to create a double standard of gold and silver failed lamentably.

Recorded at Jekyll Island, Georgia; 27 February 2010.

Recorded at Jekyll Island, Georgia; 26 February 2010.

In this lecture in 1972, supply and demand concepts included: preferences of consumers, prices, quantity, quality, elasticity, equilibrium, marginal utility, present goods, and production processes.

Congress decreed that gold and silver dollars should be interchangeable and put upon the Treasury a mandate to keep them equal in value. How?

John Calvin’s main contribution to the usury question was in having the courage to dump the prohibition altogether.