Central Banks

It seems the reach and influence of central banks has never been higher, yet they are increasingly flying blind in an environment where central bank tools are growing ever more imprecise and dangerous.

The US Constitution says nothing about central banking, so it does not authorize the existence of a central bank. Yet, "the Constitution has been tortured and twisted even as we speak to allow big government to control our lives."

Today’s macroeconomic beliefs defy all the historical evidence with their focus on increasing the economic presence of the state at the expense of the productive private sector.

The “cure” to the current crisis that is forced upon all Europeans now is not just worse than the disease; it is the disease.

It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.

The “cure” to the current crisis that is forced upon all Europeans now is not just worse than the disease; it is the disease.

Shelton’s nomination is best seen as a litmus test for Republican senators. Are they interested in ideological diversity within American institutions, or willing to stand with the academic gatekeepers that have given us the Leviathan we have today?

Kristoffer Hansen joins the show to discuss everything about interest rates, as detailed by Rothbard in Chapter 6 of Man, Economy, and 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.