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…
Fractional Reserve Banking
Why Krugman’s view on MMMF is completely wrong
by Dr Frank ShostakIn a recent Mises Daily article Mark Thornton has offered an excellent critique of why Krugman’s attack on the Austrian view of money market…
The death of banks – and the future of money
by Detlev SchlichterUK Chancellor George Osborne and Bank of England Governor Mervin King last week announced another round of fiscal and monetary stimulus measures, including steps…
The most insidious effects of fractional reserve banking
by John TomlinsonThis article was previously published as an addendum to a longer piece on 19 November 2010. The most insidious of all of the unintended…
Does JP Morgan’s massive loss favour the argument for more controls?
by Dr Frank ShostakOn Friday May 1 2012, JP Morgan Chase & Co said it suffered a $2 billion trading loss. Some commentators have suggested that the…
What is Money?
by Robert SadlerThere exists a certain amount of confusion today about what money truly is, how it originated and who should produce it (the government or…
What gives money value, and is fractional-reserve banking fraud?
by Detlev SchlichterI thought I should address a couple of points that I consider to be misconceptions and that frequently come up in discussions with the…
ValueWalk interviews Detlev Schlichter
by Detlev SchlichterReproduced by kind permission of Jacob Wolinsky at ValueWalk.com Can you tell us a little bit about your background? I studied economics in my…
The Magicians at the Bank of England (with close support from No 10 & 11 Downing Street)
by Toby BaxendaleWho made this very sound statement two years ago in relation to QE I? The last resort of desperate governments when all other policies…
Fractional reserve banking and boom-bust cycles
by Dr Frank ShostakIn his various writings, the famous Austrian economist Murray Rothbard argued that in a free market economy that operates on a gold standard the…