David Stockman: Crisis Is Us – The Inexorable Result Of Modern Central Banking
byThe inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…
Fractional Reserve Banking
Is deflation about decline in prices?
byThe majority of economists view deflation as a general decline in prices of goods and services. This is viewed as a major threat to…
The Endgame
byThere is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners…
Bank Robbery Chapter Three. Law and the Banking System.
byThe first chapter of this book described how private commercial bankers came to provide almost all of the money supply in the West….
Bank Robbery: Banks and the Money Supply
by[Editor’s Note: The following is from Ivo’s forthcoming book ‘Bank Robbery’.] Chapter 1 ‘If it ain’t broke, don’t fix it.’ Sensible advice, especially when it…
Bank Run Incentive, Central Bank Bankruptcy, and The Fallacy of the Credit Theory of Money
by[Editor’s Note: this is from the World Dollar Foundation, and can be found here] Part 1: The Bank Run Incentive There is an incentive…
Has Fractional-Reserve Banking Really Passed the Market Test?
by[Editor’s note: the following piece was originally published by World Dollar at zerohedge.com] In 2003, Jörg Guido Hülsmann, a senior fellow of the Mises Institute, published…
Paper Money Collapse 2nd edition teaser
byOne of the interesting things that happened at the End of the World Club on Monday evening, was a teaser of what’s new about…
Sound money for Europe
byYou can be sure that most of my colleagues in the European Parliament do not embrace the concept of the free market. Day after…
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,…