Money and Banks

The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German hyperinflation of 1923.

Construction lending juggernaut Bank OZK made news when its shares fell 17% after Citigroup analyst Benjamin Gerlinger wrote in a report that

Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction.

While her record is hardly perfect, Judy Shelton has been a rarity among monetary economists: an advocate for gold and sound money.

Do Austrian theories also apply to financial markets?

Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn. 

Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn. 

On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.

Murphy gives a comprehensive critique of Stephanie Kelton's new Modern Monetary Theory documentary, covering the flaws in its theory, history, and policy recommendations

With Gov. Jim Pillen’s recent signature, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.