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Tag Archives: Bank
Perspective on the Bank Tax
There should be no bank tax. Banks should suffer the full responsibility for failing. Ideally, central banking should be eradicated altogether. Continue reading
Credit as a Panacea
Just because Venezuela has a lower national debt than Greece doesn’t mean that Venezuela is in the clear of major economic trouble. Venezuela suffers from terrible inflation. Continue reading
News from the Eurozone
The European Central Bank ends “extraordinary liquidity” measures, but maintains key interest rates at record lows. Continue reading
The Panic of 1837 and the Contraction of 1839-43
The standard interpretation of the Panic of 1837 and subsequent recession blamed statebank monetary inflation abetted by President Jackson’s removal of the federal deposits from the Bank of the United States. Scott Trask, in a paper for the Mises Institute, offers a more Austrian explanation. Continue reading
A New Perspective on Roosevelt’s Recession of 1937
From the essay “The Dangerous “Lessons” of 1937. Roosevelt’s Recession of 1937 may be more relevant to the current financial situation in the United States than the Crash of 1929. This is because we may be headed in the same direction. Continue reading
A Critique of the Mechanistic Monetarist Version of the Quantity Theory of Money
Spanish Austrian economist Jesús Huerta de Soto critiques the Monetarist “quantity theory of money”. Continue reading
Ending the Bank Failure
A 30 April letter to the editor of the New York Times on bank failures, the bank tax and the elimination of the Federal Reserve. Continue reading →