The Emperor’s New Clothes: How to Pay off the National Debt & Give a 28.5% Tax Cut
byI offer a £1,000 reward for anyone who can tell me why this logically won’t work, practical politics, for now, being another matter. What…
Banking
Laurence Kotlikoff’s “Jimmy Stewart is Dead”
byJimmy Stewart plays George Bailey who is cast as the “honest” and trustworthy banker in the classic Hollywood film, “It’s a Wonderful Life.” Kotlikoff’s…
De Soto and the Relevance of his Banking Reform Proposal Today
byThis has been copied from Money, Bank Credit, and Economic Cycles which can be downloaded here or bought here. PREFACE TO THE SECOND ENGLISH…
Good article on Naked Capitalism
byBy way of nakedcapitalism.com this excellent article from washingtonsblog.com on “Fictional Reserve Banking”: But whatever you think about fractional reserve banking, whether or not you agree…
Free Banking, the Balance Sheet and Contract Law Approach
byFor new readers to this site who are not aware of the debate that exists within the Austrian School, there are those who are…
Why all Banks are Insolvent
byWhy Even the Best Banks are Insolvent and Inherently Dishonest We are told that Barclays is a good bank and it did well not…
More on Banking and the Barclays 2009 Results
bySome of my City friends who work in banking have had a look at the 2009 Barclays balance sheet and made comment on how…
The Crack-up Boom
byThis post is excerpted from Mises’ “The Causes of the Economic Crisis and Other Essays Before and After the Great Depression” which is available…
The Ethics of Capitalism: A Secular and a Theological Justification
byThe current debate about bankers’ bonuses is often seen as one of fairness pitted against the greed of those nasty capitalists,. To me, bankers…
Buchanan: The Constitutionalization of Money
byJames M. Buchanan (Nobel Laureate, economics, 1986) on reform of the monetary regime through constitutional 100% reserves: The market will not work effectively with…