Money and Banking

We have a unique opportunity to provide future stability for our banking system. Sadly, it is an opportunity that will almost assuredly pass us by.

We can thus conclude that the gold standard, if not abused, is not conducive to boom-bust cycles.

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.  Introduction and Award Presentation by Dr. Gary G.

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama. Includes an introduction by Mark Thornton.

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama. Includes an introduction by Mark Thornton.

"Great Britain's private coins were more popular than official ones, and for good reason…"

John Steele Gordon’s “short history” of banking is filled with falsehoods.

The idea of private coinage seems so strange today that it is worth examining carefully.

This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped.

From The Journal of Ayn Rand Studies Vol. 6, No. 2, Spring 2005.