Money and Banks

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James Grant

"Desocialize credit risk and let the bank runs take their toll."

George Ford Smith

"By far the biggest fallacy is the belief that a growing economy requires a growing money supply."

Philipp Bagus Markus H. Schiml

Only two things can save the Fed at this point. One is a bailout by the federal government. This recapitalization could be financed by taxes or by monetizing government debt in another blow to the value of the currency.

Llewellyn H. Rockwell Jr.

Consider what it means to live through our times in the light of economic understanding. Even in the face of calamity, there is no mystery, and hence fear is reduced.