Money demand and banking – some challenges for the “Free Bankers”
byWithin the Austrian School of Economics there has long been disagreement and therefore occasionally fierce debate about the nature and consequences of fractional-reserve banking,…
Deposit Insurance
Time and Money
byContinued from Et in Arcadia ego Here we come full circle, for what this essentially presumes is that there exist no means by which to…
Bank reform demands monetary reform – an essay for Banking 2020
byThis article was published yesterday at stevebaker.info. Today sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In…
Someone has to pay – will it be you?
byThe Cyprus banking kerfuffle has ignited a blogosphere storm debating the likelihood that depositors elsewhere, perhaps even ‘guaranteed’ ones, may find themselves on the…
Good riddance to deposit ‘insurance’
byOnce the public furor and shrill media coverage have died down it will become clear that events in Cyprus did not mark the death…
All power to the state! – money madness at the IMF
byYou cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
How deposit insurance reduces financial stability
byAndrew Lilico has written a great article for The Telegraph on the dangers of deposit insurance: In a classic 2005 paper from the highly…