Robert P. Murphy: The Theory of Central Banking
byBased heavily upon the brilliant Murray N. Rothbard book, The Mystery of Banking, Robert P. Murphy delivers an excellent lecture on the “theory” (such…
Fractional Reserve Banking
Eric Cantona’s Revolution
byEric Cantona, the former professional football player, recently called for a “bloodless revolution” against the banks. The idea, according to Cantona, is that people…
Quote of the week: Henry Ford on FRB
byWhen asked to bail out his son’s bank, Henry Ford, now in his seventies and increasingly autocratic and unreasonable, refused to bail out his…
Banking: From Bagehot to Basel, and Back Again
byAs reported yesterday on Mises.org, there were some very encouraging statements in Mervyn King’s Monday speech to the Buttonwood Gathering in New York. King…
Khan Academy: Fractional Reserve Banking
byAs someone who makes part of his living from explaining to other people how various aspects of the banking industry work, I am a…
Improper Fractions
byNo arguments are to be looked at with more suspicion than those which, from the acknowledged impossibility of attaining to perfection, would infer that…
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…
The Luvvie Tax
byI see the panel of economic experts that is the acting industry have latched onto the Tobin tax, now re-branded the ‘Robin Hood Tax’. …
So, in late March I am speaking in Belgium
byHaving previously lived in Brussels between 2002 and 2005 I have long been aware of the wide range of radical liberals in Belgium. There…