Money and Banks

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Joseph T. Salerno

The quantity theory of money at least focused on the right issue, writes Joseph Salerno. No more.

Clifford F. Thies

If the goal is to increase confidence in money, writes Clifford Thies, putting Reagan's face on it won't do it.

Murray N. Rothbard

Proposals for monetary reform are ubiquitous, but Murray N. Rothbard argued for the 100% gold coin standard.

H.A. Scott Trask

With a Republican president running sky-high debts, unleashing wars, imposing protectionist trade edicts, and risking the nation’s financial future, sometimes it feels like the 19th century all over again, specifically the year 1861 and following. The 1860 election of Abraham Lincoln sparked a secession movement in the southern states. In December, South Carolina seceded, and other Deep South states soon followed. Interstate commerce was disrupted, and many northeastern banks suspended specie payments. The atmosphere was one of grave political and economic crisis. Many feared war; many feared the unknown.

Frank Shostak

Greenspan says the banks are in great shape. Frank Shostak, however, notes signs of deterioration.