World collapse explained
Hat tip: DK
Riegel: The right-wing socialists
With a hat tip to Associative Economist, Arthur Edwards, we reproduce below an excerpt from Riegel’s book The new approach to freedom. The Right-Wing…
Reliving the 1930s
Why is the money supply dependent on interest rates and government spending?
It turns out the great economist Irving Fisher told us back in the 1930s: banks create and destroy credit money by granting and calling loans. As Fisher wrote:
“Thus our national circulating medium is now at the mercy of loan transactions of banks; and our thousands of checking banks are, in effect, so many irresponsible private mints.”
What is money?
In their working paper Assessing UK money supply measures in the light of the credit crunch, Toby Baxendale and Anthony J. Evans provide a better measure of the money supply. In this article, Steven Baker explores the background to the paper and indicates some key findings.
Bastiat – The State
In the course of things, I had cause to quote Bastiat: “The state is the great fiction by which everyone seeks to live at…
The IEA’s Mises Primer is Published
Today, the IEA publish Dr Eamonn Butler’s Ludwig von Mises Primer: Ludwig von Mises was one of the greatest economists and political scientists of…
The Limits of Monetary Policy
This post is taken from Mises, The Theory of Money and Credit (1934), chapter 13 Monetary Policy (PDF, HTML), covering the limits of monetary…
Inflationism
This post is taken from Mises, The Theory of Money and Credit (1934), chapter 13 Monetary Policy (PDF, HTML), covering inflationism. Follow this link…
Monetary Policy
This post is taken from Mises, The Theory of Money and Credit (1934), chapter 13 Monetary Policy (PDF, HTML), covering monetary policy and the…
Big banking lessons from little Presbyterian Mutual
The Belfast Telegraph reports Toby’s efforts to deliver “Big banking lessons from little Presbyterian Mutual“: Investors at the Presbyterian Mutual Society are the only…