Money and Banks

The control of money is extremely convenient to governments, especially to have their own central bank to buy their debt when they are out of money.

We can't count on the Fed regulating itself or that some especially hawkish chairman will appear to save us from the worst excesses of fiat money.

Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt.

What happens when banks lend money? It depends on the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7, 2022.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 6th, 2022.

What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector.

Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract.

Toby Baxendale joins Bob to discuss the tools central banks and governments will use to enact "financial repression."