Business Cycles

One of the most difficult things to understand about banking is how money is created out of thin air.  Current commercial bank liabilities are immediate. The banks do not have the reserves to redeem all demand notes. Thus, banks are inherently insolvent. But, government has eliminated runs on banks. Banks are not allowed to fail when they are mismanaged.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(38:26)

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(24:29)

Recorded at Mises University 2001.

Recorded at Mises University 2005.

Recorded at Mises University 2001.

John P.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(25:00)

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(29:32)

Boom, Bust, and the Future (26:36) January 18-19, 2002