Money and BanksMoney and Banking
Neither loose monetary policy, nor big-spending fiscal policy can grow an economy. All that these policies can do is to redistribute a given pool of real savings from wealth generators toward non-wealth generating activities.
BiographiesAustrian Economics OverviewHistory of the Austrian School of Economics
The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.
To Murray N. Rothbard, pioneer of praxeological analysis with all good wishes. March 2nd, 1967. ~Ludwig von Mises
U.S. HistoryMoney and BankingMoney Supply
The Fed’s monetary policy, except for very brief periods in 1929 and 1936–1937, was consistently and unremittingly inflationist in the 1920s and 1930s.
Financial MarketsMoney and BanksMoney and Banking
Contrary to popular thinking, the velocity of money does not have a life of its own.
The prohibitionist impulse is widespread among politicians, whether it involves alcohol, drugs, sugar or meat.