Money and Banking
Who’s Afraid of Deflation?
Should the central bank try to simulate the banking system and stabilize money velocity?
What We Need to Know about Money
Joseph Salerno is interviewed by the Daily Bell.
The Euro: Its Inevitable End
The political project of the euro is in deep trouble. Governments have pledged three-quarters of a trillion of our euros to put out the debt-crisis wildfire, yet interest rates on troubled sovereign debts are even higher than before the announcement of the bailout.
5.08. Money Costs, Prices, and Alfred Marshall
From Man, Economy, and State, narrated by Jeff Riggenbach.
Battered-Homeowner Syndrome
While you may see those who walk away from underwater mortgages as morally wrong for breaking their mortgage vows, others see those who stay for the financial beating as stupid. No matter. As prices continue to fall, millions more will make a run for it.
Another Bitcoin Crash
Ideological and Irrational Exuberance
David Kramer on Bitcoin—Just Another Bogus Medium of Exchange
Appendix A: The Diminishing Marginal Utility of Money
From Man, Economy, and State, narrated by Jeff Riggenbach.