At his new blog, Ben Bernanke is coming up with new excuses as to why the current recovery is so weak and why mega-low interest rates — and thus a lack of options for middle-income savers seeking interest income — aren't his fault.
"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.
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.
We’re now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of t
As the money supply fluctuates, so does the demand for money and for goods and services. We see this in the stock market, but the effect is not instantaneous, and we must be mindful of the time delay.
Patrick Barron writes:
Recently a friend sent me the updated Wikipedia link about the newly formed Asian Infrastructure Investment Bank that has been in the news so much, mostly gathering glowing endorsements that this is a great undertaking.
Greece's government said that the country would have to choose whether to pay back 450 million euros to the International Monetary Fund on April 9th or pay salaries and pensions.
