The Fraud in Fractional Reserve Banking

Wednesday, November 26th, 2014 by posted in Banking, Economics.

Suppose you bring a fur coat to a dry cleaner, and discover that the owner allowed his wife to wear it before cleaning it (which is also the subject of an episode from Seinfeld).  Or, suppose you gave your car keys

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Time to Raise Rates?

Tuesday, November 25th, 2014 by posted in Banking, Capitalism, Economics.

Canada emerged relative unscathed from the financial crisis of 2008. Indeed, over the last six years growth has been relatively robust and to venture out in Toronto, Calgary or Vancouver right now one would think they were in the midst


Why Banking, Corporate America And The Government Need Each Other

Monday, November 24th, 2014 by posted in Capitalism, Economics, Foreign Policy.

Reprinted from Content: This paper summarizes an outstanding essay written by Murray N. Rothbard in 1984, which appeared the first time in World Market Perspective and later under the same title as a monograph produced by the Center for

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Hey Austrians, Where Is the Inflation?

Monday, November 17th, 2014 by posted in Banking, Capitalism, Economics.
inflation teaser

Reprinted from Hey Austrians, Where Is the Inflation? Of all the criticisms that Austrian economists receive, this complaint is the most reasonable and legitimate of all. Many Austrian economists (so I’m told) have predicted that when Ben “The Bubble”


Food Banks and the Basic Income Model

Thursday, November 13th, 2014 by posted in Economics, Socialism.
Screenshot from 2014-11-13 20:15:43

Did you know that nearly a million Canadians are now using food banks each month? According to HungerCount, there has been a 25% increase in food bank usage since the Financial Crisis six years ago. HungerCount Reports are considered to

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Keynes was a failure in Japan – No need to embrace him in Europe

Friday, October 31st, 2014 by posted in Banking, Capitalism, Economics.

Reprinted from Draghi’s volte-face two weeks ago has emboldened the Keynesian majority in the media and in economic research departments. It has injected new life into their relentless campaign for yet more state intervention in the Eurozone economy. It

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The Deflation Boogeyman

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

Here we go again.  A plunge in oil prices has spurred a bevy of articles from the bought-and-paid-for media, as well as quasi-governmental agencies, alerting us of pending disaster if deflation were allowed to make an entrance, however briefly. Never

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The Fed: Strangling the Saving Ethic and Values

Monday, October 27th, 2014 by posted in Banking, Capitalism, Economics.

Reprinted from Casey Research Saving was once drummed into our heads as the prudent thing to do. How many times did you hear, “A penny saved is a penny earned”? Now some argue it’s not worth anyone’s time to pick


The IMF and Austrian Theory

Friday, October 17th, 2014 by posted in Banking, Capitalism, Economics.
IMF Greece Financial Crisis

Back in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They

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Inflation Destroys Savings

Monday, October 13th, 2014 by posted in Banking, Capitalism, Economics.

[Excerpted from Ludwig von Mises on Money and Inflation: A Synthesis of Several Lectures, compiled by Bettina Bien Greaves. This lecture was given at the Foundation for Economic Education (FEE).] Reprinted from Everything that is done by a government

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Monetary One World Order

Monday, October 6th, 2014 by posted in Banking, Capitalism, Economics.

Reprinted from Casey Research When you mumbled the Pledge of Allegiance in grade school, you likely didn’t think you’d grow up to be taxed to death and a pawn in central-banker economic chess games. If you’re old enough, the dimes

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As Germany loses battle for ECB, QE goes global

Monday, September 22nd, 2014 by posted in Banking, Capitalism, Economics.

Reprinted from What is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms Yellen, who was widely anticipated to be the most noteworthy speaker at the

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The Hubris of the Monetary Social Contract

Monday, September 15th, 2014 by posted in Banking, Capitalism, Economics.
money-addiction teaser

Reprinted from Casey Research Money was once in the state of nature. Goods were once bartered until especially saleable goods emerged to be used in indirect exchange. A variety of saleable items became money until gold and silver became the

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Why Isn’t Monetary Pumping Helping the Economy?

Monday, September 8th, 2014 by posted in Banking, Capitalism, Economics.
dollar-printing teaser

Reprinted from Despite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed disappointment with the pace of economic growth. For instance, the yearly rate of

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Does the World Need a World Bank?

Tuesday, September 2nd, 2014 by posted in Banking, Capitalism, Economics.

[Ludwig von Mises on Money and Inflation (2010)] As a medium of exchange, the situation of money is different from that of other commodities. If there is an increase in the quantity of other commodities, this always means an improvement of

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The Perfect Banking System

Wednesday, August 27th, 2014 by posted in Banking, Capitalism, Economics.
casino teaser

Reprinted from the Carl Menger Center for the Study of Money and Banking he perfect banking system, like the perfect monetary system, is one which serves the needs of consumers and savers, and not the needs of the government. It

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World Reserve Currencies: What Happened During Transition?

Tuesday, August 26th, 2014 by posted in Banking, Capitalism, Economics.
dollar-bills_0 teaser

Reprinted from The decline of the US dollar hegemony is ever so clear today and this article aims to provide the reader with what exactly happened during past periods of reserve currency transitions. Historically, when a reserve currency transitioned

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Gold versus Fractional Reserves

Thursday, August 21st, 2014 by posted in Banking, Capitalism, Economics.

[This article originally appeared in The Freeman, May 1979.] The present worldwide inflation has done, and will continue to do, immense harm. But it may eventually lead to one great achievement. It may make it possible to restore (or perhaps it

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The Amazing Crash in Clothing Prices

Thursday, August 14th, 2014 by posted in Capitalism, Economics.
clothing teaser

Reprinted I was out shopping for a new winter coat, hopping from store to store looking for a good deal. To my astonishment, it was almost impossible not to find a good deal. Coats of a quality that once


How the Surge of Hot Money Pushes San Francisco to the Brink

Thursday, August 7th, 2014 by posted in Banking, Capitalism.
DowntownSF teaser

Reprinted from Wolf Street The median home price in my beloved and crazy San Francisco – that’s for a no-view two-bedroom apartment in an older building in a so-so area – after rising 13.3% from a year ago, hit an ultra-cool,

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