10. Banking and the Business Cycle
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
Money and Banks
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9. Money and Prices
Barter – direct exchange- is inefficient because of the lack of a double coincidence of wants. Some third medium was sought to solve this. It is called money. Exchanges are not equal, they are win-win, with each party gaining more than he is giving or the exchange would not be made.
Shedlock on Wages and Inflation
Mike Shedlock gives a rather Austrian-flavored explanat
Gasoline at 10 Cents a Gallon and Falling
Does gasoline at 10 cents a gallon and falling sound impossible in today’s world?
Money, Bank Credit, and Economic Cycles
New Fourth Edition is now Available This book is a masterpiece that utterly demolishes the case for fiat currency and central banking, and shows that these institutions have compromised economic stability and freedom, and, moreover, are...
Tenure’s Tenure
“Dad Dean” considers university tenure systems at insidehighered.com.
Beware the Alchemists
A book-length manuscript based on notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s.
The Make-Believe World of Central Banking
Thorsten Polleit explains how the Fed and the ECP are trying to create what they cannot: a growing economy with low interest rates, minimal inflation, and no business cycles.
