Money and Banks

“What is Banking?” by Robert LeFevre.

Steeped in American history and Austrian economics, this extraordinary film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.

“What is Money? - Part One” by Robert LeFevre.

Recorded at Mises University 2003.

Recorded at the Mises Institute, May 1994.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(24:29)

Recorded at Mises University 2001.

Recorded at Mises University 2003.

Profit is total revenue minus total costs. Ours is not just a profit system, it is a profit and loss system. Losses are a sign that you wasted land, labor, or capital, yet those who make profits are criticized.

John P.