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- Search found 57 items for:
- Money and Banks
- 2004
Media Asset
Author:
Hans-Hermann Hoppe
Online Publish Date:
The theory of time preference, capital, technology and economic growth will be viewed through both theoretical and historical elements. People have a preference for satisfaction earlier as compared to satisfaction later. Capital goods allow greater production, but this requires saving now, not consuming now. Humans are constrained by time
Media Asset
Author:
Murray N. Rothbard
Online Publish Date:
Many believe that if governments would just issue greater quantities of money then all problems would be solved. In truth that would create unsurmountable problems by lowering the purchasing power of each money unit. Money is the one good that is not made better by increasing its supply. Rothbard discusses how money originates. Products are
Media Asset
Author:
Murray N. Rothbard
Online Publish Date:
One of the most difficult things to understand about banking is how money is created out of thin air. Current commercial bank liabilities are immediate. The banks do not have the reserves to redeem all demand notes. Thus, banks are inherently insolvent. But, government has eliminated runs on banks. Banks are not allowed to fail when they are
Media Asset
Author:
Murray N. Rothbard
Online Publish Date:
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. Entrepreneurship is an art not a course you can learn. Labor earns wages. Land earns rent. Capital earns interest. Confusingly, the word
Media Asset
Author:
Robert LeFevre
Online Publish Date:
“What is Money? - Part One” by Robert LeFevre.
Media Asset
Author:
Robert LeFevre
Online Publish Date:
“What is Money? - Part Two” by Robert LeFevre.