Money and Banks
Preface to What Has Government Done to Our Money?
From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.
The Principle of Sound Money
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.
China’s Revaluation-One Year Later
This weekend marks the one year anniversary of China’s first step away from its more
You Oughta Dance With the One That Brung Ya
F. Scott Fitzgerald, the novelist, said the rich are different from us.
Who’s Afraid of the CPI!
Everybody worries about inflation these days. It’s chic. It’s trendy. And it gives me a great comeback to the boss at raise time.
10. Banking and the Business Cycle
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
9. Money and Prices
Barter – direct exchange- is inefficient because of the lack of a double coincidence of wants. Some third medium was sought to solve this. It is called money. Exchanges are not equal, they are win-win, with each party gaining more than he is giving or the exchange would not be made.
Shedlock on Wages and Inflation
Mike Shedlock gives a rather Austrian-flavored explanat
