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Was the Federal Reserve's monetary policy the proximal cause of the financial crisis of 2007-2008? Also, what are the best free market sources for information and argumentation on this mechanism (e.g. published papers, data, forecasted predictions, etc)?
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I understand the rational behind full reserve banking, but would banning fractional reserve banking be right? What if someone wants their money to be lent out with only fractional reserves kept? Wouldn't banning fractional reserves be similar to occupational liscensure or drug prohibition? There...
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I am trying to wrap my head around the current US banking system and it is very difficult. I have read books by Ron Paul, What has government done to our money by Rothbard, Economics in One Lesson by Hazlitt, and various other articles and books. But I cannot seem to find much literature specifically...
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Hello all. This is my first post at the Mises Forum. In the last few month I've taken interest in Austrian economics. I'm just about fininshed with Robert Murphy's Lessons for the Young Economists . I've read Murphy's Politically Incorrect Guide to the Great Depression and the New...
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The bible prohibits interest. Could we also claim that interest is the cause of all this debt and fake money being built up over the last 40 years leading to the final straw that broke the camels back in 2008. That being said, how would interest free banks work in a free banking system. And is rothbard...
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I have been looking around on this site for an answer to such a question, but I cannot a definite one. By time deposit I mean this: The depositor puts $100 in the bank, but cannot touch it for say 5 years. During that period, the bank loans out the $100. After 5 years, assuming the bank did not make...
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Lets suppose the government outlaws fractional reserve banking, but keeps our current fiat currency system the same. Can a Full Reserve Banking System co-exist with a fiat monetary system? What would be likely consequences of such changes?
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I have been writing up stuff that I thought was interesting and related to the current economic mess. It has gotten a bit long but I really think it has many interesting things that I did not understand a year ago. I think other Austrian economist types will agree with most of it and still find new stuff...
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Hello everyone. I'm a Graphic Designer graduating this year and I'm really trying to make my portfolio the best it can be. Because of this, I have an idea of creating a book which lays out economic laws and theories, accompanied by illustrations which culminate in the end of the book to describing...
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The US government paying off the national debt by borrowing more money, and/or printing more US bonds and selling them. This is an over simplification, but when these existing US bonds come due, the US government redeems these bonds with US dollars that are raised by selling more freshly printed new...