Money and Banks

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."

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.

Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.

The Fed's entire "strategy" can be summed up as "hike 'til it breaks, cut 'til it inflates." That's the best all those PhDs at the Fed have managed to come up with. 

The Fed's entire "strategy" can be summed up as "hike 'til it breaks, cut 'til it inflates." That's the best all those PhDs at the Fed have managed to come up with.