Finance

UK Proposal for Banking Reform: Fractional-Reserve Banking versus Deposits and Loans

by Stephan Kinsella September 14, 2010

Austrians and others interested in fractional-reserve banking (FRB) will find of interest a banking reform about to be proposed in the UK. Douglas Carswell, an Austrian economsics-informed member of the UK parliament for Clacton, is planning to introduce a so-called “Ten Minute Rule Bill” after Prime Minister’s Questions tomorrow (Wednesday, Sept. 15) that could have [...]

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A Government Program Which Works?

by Michael Barnett August 5, 2010

Is it possible? Has free-market anarchist and Austrian School Economist Michael Barnett finally discovered a government program which appears to be achieving its stated goals? Yes, my friends, I think I actually may have done just that. Now look, I understand that correlation does not imply causation, but I think there’s a strong case to [...]

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Was it worth it?

by Michael Barnett May 23, 2010

Well, as predicted (by me), in pursuit of one of Connecticut’s US Senate seats, Peter Schiff wasted a lot of time and money, and was forced to refrain from making several television appearances on financial news programs (due to campaign laws). He placed an embarrassing third: Former professional wrestling maven Linda McMahon capped an improbable [...]

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The graphic display of U.S. financial health

by Juan Fernando Carpio May 14, 2010

With the U.S. displaying characteristically Third World national stats, and average households deep in financial trouble (see below),

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