Free Banking
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Knowledge Problem in Central Banking – Part II
The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge. To sum up, information is […]
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“Roads to Sound Money” Book Release
The Sound Money Project of the Atlas Network is proud to announce the release of its newest publication, Roads to Sound Money. Please join the Atlas Network for the launch […]
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Roads to Sound Money
The Sound Money Project of the Atlas Economic Research Foundation is proud to announce the release of its newest publication, Roads to Sound Money. The project is a compilation of […]
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‘Has the Fed Been a Failure?’
That is the provocative title of the lead paper in the prestigious economics publication, the Journal of Macroeconomics. It is authored by George Selgin, William D. Lastrapes, and Lawrence H. […]
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Let’s Give the Fed Some Competition
The Federal Reserve prints so much money that since it opened its doors in 1914, the dollar has lost more than 90 percent of its value.
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Digging Up and Digging Down Gold
The Gold Standard is the worst standard, except for all the others. In a recent post at Nada es Gratis (Nothing is Free), Jesús Fernández-Villaverde discusses a visit to the […]
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Monetary Equilibrium and Relative Prices
There’s long been debate on the role of an elastic money supply in achieving monetary equilibrium in a free market. Namely, should the money supply follow a 100-percent reserve requirement […]
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Free Banking versus Large-scale Credit Expansion
Observations on the Discussions Concerning Free Banking [This article is excerpted from chapter 17 of Human Action: The Scholar’s Edition and is read by Jeff Riggenbach]
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Three Comments on the Gold Standard
The financial crisis in 2008, the uncertainty about the future of the Euro and the doubts on the efficiency of monetary policy has brought some renewed interest in the gold […]
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The First International Financial Crisis: Free Banking Failure or Regulatory Failure?
The Baring Crisis of 1890 is pointed out as the first modern international emerging financial crisis. The collapse of the banking system in Argentina came very close to triggering a […]
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Saving, Hoarding and Fractional Reserve Banking
Fractional reserves is an important component of financial stability. Most of the financial regulation is aimed to control this aspect of banking practice such that banks do not become insolvent […]
