Money and Banking

Displaying 21 - 30 of 1676

George Selgin Misunderstands Rothbard's Position on Fractional-Reserve Banking

Booms and BustsMoney and BanksMoney and Banking

Blog09/10/2018

Selgin thinks fractional reserve banking critics are akin to "flat-earthers", but he gets some important points wrong. 

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John Law and the Mississippi Bubble – 300 Years Later

Money and BanksMoney and Banking

Blog09/08/2018

John Law's disastrous Mississippi Company bubble can still instruct us today.

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Artificial Booms and the Theory of "Forced Saving"

Money and BanksMoney and Banking

Blog09/07/2018

It is impossible to force the economic development of society by artificially encouraging investment and initially financing it with credit expansion.  This policy can only have benefits if economic actors also elect to begin saving more at the same time.

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Why Fiscal Stimulus Doesn't Create Real Economic Growth

Money and BanksMoney and Banking

Blog09/04/2018

Since the government is not a wealth generating entity, how can an increase in government outlays revive the economy?

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Will Cryptos Fulfill Hayek's Vision of Private, De-Nationalized Money

Financial MarketsMoney and BanksMoney and Banking

Blog09/03/2018

With cryptocurrencies, currency competition in the spirit of Hayek has become possible even in the absence of self-limitation by governments.

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Central Banks Enrich a Select Few at the Expense of Many

Money and BanksMoney and Banking

Blog08/30/2018

Under an inflationary monetary scheme, big financial-sector players who get the new money first benefit the most. Ordinary households down the line then bear the brunt of price inflation.

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Government Counterfeiting — Not Capitalism — Squeezes Family Budgets

Money and BanksPovertyMoney and Banking

Blog08/23/2018

In a world of rampant central bank intervention and endless government regulation, some are still claiming we live in a world of "hypercapitalism."

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Turkey's Crisis and the Dollar's Future

Global EconomyMoney and BanksMoney and Banking

Blog08/22/2018

Emerging-market currencies often suffer a as a result of their government's own profligacy. But the US is also actively trying to destabilize some currencies, and setting up a conflict that the US could ultimately lose.

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Our Republic's First Economist

Money and BanksU.S. HistoryMoney and Banking

Blog08/18/2018

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!

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