Central Banks

If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

Without a monopolist central bank, market forces would restrain the issuance of bank notes. But once central banks monopolize money creation, wealth is systematically transferred to the central bank and the privileged few who are favored by the state.

If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.

It's easy to dismiss MMT out of hand, but the impulse to create something from nothing resides deep in the human psyche.

Ironically, the economic collapse in Europe has united both the poor and rich members of the EU in agreement that the EU has none of their best interests at heart. The political winds have shifted and are blowing against the EU.

Sieroń comments on Book and Sumner regarding the Cantillon effect, arguing that the Austrian analysis of the Cantillon effect is correct.

Mises University is the world’s leading instructional program in the Austrian school of economics.

Featuring recordings from the Mises Institute’s recent event in Birmingham, Alabama dedicated to the global threat of “The Great Reset&

Featuring Dr. Naomi Wolf, David Stockman, Guido Hülsmann, and more, at the Mises Institute in Auburn, Alabama, October 12-14, 2023.