Money and Banks

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Robert P. Murphy

Hayek’s last proposal for monetary reform calls for privately issued, competing fiat currencies. It's debatable whether or not this is a good idea.

Thorsten Polleit

Ludwig von Mises viewed sound money as a limit on government power and as "an instrument for the protection of civil liberties against despotic inroads on the part of governments. "

Daniel Lacalle

Europe's path to long-term stagnation should serve as a reminder for the United States, again, of why it is not advisable to follow the eurozone policies. The results are invariably disastrous.

Douglas French

Despite double-digit unemployment rates, banks are keeping loan-loss provisions low, no doubt assuming Uncle Sam will keep everyone’s boat afloat. But all good things come to an end.

Alasdair Macleod

Economic growth results from increasing production, and the money supply is always sufficient to foster exchange. The boom-bust cycle only occurs when production is distorted by a growing money supply.

George Pickering

Does the emergence of bitcoin invalidate the regression theorem? William Luther argues that it does, but Pickering here contends that Luther's view misinterprets the regression theorem.

Frank Shostak

The conventional view is that new money creation is no problem so long as the demand for money is increasing. The conventional view is wrong.