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Money and BanksU.S. HistoryMoney and Banking
With printing of the Continental notes in 1775, Webster feared people would think you could finance the Revolutionary War by printing paper money. We should have listened!
Money and BanksMoney and Banking
It is not possible to generate something out of nothing as suggested by Keynes and his many followers.
Historical experience does not appear to support the thesis of modern fractional-reserve free-banking theorists.
Ultimately, what matters for the well-being of individuals is not that they are employed as such, but their purchasing power in terms of the goods and services that they earn.
Global EconomyMoney and BanksMoney and Banking
The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.
Forget the IMF’s forecasts of Venezuela’s hyperinflation. They are a prime example of junk science.
The Bank of England apparently wants to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit.
Here's how to tell the Austrian approach on money apart from the views of other schools of thought.
Deflation can never repair the damage of a prior inflation. It would be like running someone over with a car, and then trying to fix the situation by backing up over the person again.
Money and BanksCapital and Interest Theory
The Fed's policy of price stability, as in the 1920s, may catch economists again unaware of the damage inflicted by this policy.