Money and Banks

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.

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.

Recorded at the Mises Circle in Houston, Sponsored by Jeremy S. Davis; Saturday, 24 January 2009.

Recorded at the Mises Circle in Houston, Sponsored by Jeremy S. Davis; Saturday, 24 January 2009.

Recorded at the Mises Circle in Houston, Sponsored by Jeremy S. Davis; Saturday, 24 January 2009.

Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.

Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.

Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.

Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.

Sponsored by the Mises Institute and held in Houston, Texas; September 22-23, 1995.