A recent report commissioned by the prime minister of Iceland calls for limits on the money supply through ending fractional reserve banking and deposit insurance. Unfortunately, the report also calls for nearly unlimited control of the money supply by the central bank.
The Economist declares there is no such thing as a Skyscraper Curse and they have the mainstream empirical evidence to support that declaration.
Jeff Deist and Joe Salerno discuss the Austrian school, and Joe provides insight into the state of academia.
We’re often told that some prices should be high, and some others should be low. But the real goal should not be high prices or low prices, but a price system that communicates what is valued in society.
In this lecture from last week's Sound Money seminar at the Mises Institute, Jonathan Newman explains the basics of how the central bank's distortion of interest rates and the money supply brings booms and busts.
"Sound money and free banking are not impossible; they are merely illegal," Hans Sennholz wrote. Today, the barriers to competition in money and free-market banking are numerous, but even a few non-radical changes could open up a new world of options and competition for bankers and consumers.
In California, the price of water is set by politicians, and not by markets, so that cheap water benefits some interest groups over others. It should now surprise no one that the state is in the midst of a water crisis.
Recorded at the Mises Institute in Auburn, Alabama, on 10 April 2014. Includes an introduction by Mark Thornton.
Recorded at the Mises Institute in Auburn, Alabama, on 10 April 2014. Includes an introduction by Jeff Deist.
