Money and Banks

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George Ford Smith

Governments seem united in their drive to destroy sound money and replace it with worthless paper. As technologies advance, however, so does the ability of people to undermine government, and with it, the development of sound money.

Frank Shostak

The standard Keynesian line is that the government can shorten recessions by using fiscal and monetary “stimulus.” However, as Austrian economists note, ratcheting up government spending only makes things worse, setting the stage for the next economic downturn.

Claudio Grass

Thorsten Polleit (TP): On November 5, 2024, Donald J. Trump was elected the new US president with a landslide victory.

Frank Shostak

Mainstream economists are united against deflation, which they claim is the cause of recessions. Austrians know better, as they understand that deflation raises living standards and prevents destructive asset bubbles.

Thorsten Polleit

Government paper fiat money does more than just cause economic havoc. It also is an exercise in profound dishonesty and theft.