Bailing Out Banks Is Inflationary
A policy of unlimited increase in the money supply leads to a drastic debasement of the fiat currency.
Money and Banking
Displaying 1211 - 1220 of 1985
The Transition to Monetary Freedom
Any attempt at restoring monetary freedom must be part of a comprehensive plan to roll back government.
Will Currency Devaluation Fix the Eurozone?
A policy of currency devaluation can only make things much worse.
The Fed’s Quasi-Fiscal Policies
The current policies of the Fed are a sharp departure from the old way of performing monetary policy.
Currency Wars
It is not just rockets and bombs that are fired; war is raged on the economic front, with currency manipulation as the primary weapon.
The Myth of Free Banking in Scotland
Scottish banks were not free (they too pyramided on the Bank of England) and, not surprisingly, they worked no better than the English banks.
The Risk of Sovereign Debt
Events have concretely demonstrated that the risk expectations on Greek debt should be reset higher.
Why Is There a Euro Crisis?
Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing.
Is Debt Necessary for Recovery?
Contrary to the assertions of these pundits, an economy does not need mountains of debt — whether government or private — in order to grow. Corporations can still raise needed financing through issuing equity. There are pros and cons to debt financing, but it isn't necessary for a strong economy.
On Politics, Money, and Banking
Excerpted from the two-part speech presented in Vienna, Austria, on 21 September 2011.
