Banking

Archive for Banking

Lara-Murphy Interview With Scott Horton

Because Scott is one of the leading foreign policy experts from a libertarian perspective, we decided to make his interview in the LMR publicly available. Scott talks about central banking and war, and then specifically about Afghanistan and the Iran deal.

The Slugfest Continues: My Article on the FRB Debate With Selgin

My one regret in the Soho Forum debate with George Selgin–besides the fact that he won according to Oxford rules–is that we didn’t have time to spell out our respective positions a bit more clearly. For example, a lot of people on social media assumed I thought (a) fractional reserve banking was fraudulent and (b) […]

My Debate With George Selgin on Fractional Reserve Banking

A good time had by all. Note that comedian Dave Smith warmed the crowd up before we began, and he had a joke in there about a short Mexican guy staring him down. (I allude to the joke twice during the debate; I’m just explaining where that is coming from.)

The Magical Murphy Tour

==> On Saturday April 14, I’ll be speaking with Jeff Deist and Carlos Lara about the economy, in Nashville. Details here. ==> On Monday April 16, I’ll be in NYC debating George Selgin on fractional reserve banking. Details here.

An Interesting Development in the Banking System

For a while I have been meaning to investigate the drop in reserve balances maintained with Federal Reserve banks, but I’ve been swamped with projects and traveling. But at least let me document it for you. Any ideas? (Click on image for full size.)

Did Hayek Favor Targeting NGDP?

I think I may have blogged about this before, but hey, if I can’t quite remember, maybe you guys can’t either. (Plus, there could be new readers.) Sometimes I see people claiming that Hayek supported NGDP targeting, or perhaps that Hayek’s preferred monetary regime would mimic NGDP targeting. I am by no means a Hayek […]

Mystery Explained

Thanks to Captain Parker and E. Harding, they were telling me the answer to my previous query, but I was not receptive until yesterday for some reason. Here’s a chart showing the drop in official “total reserve balances” and how it is largely explained by a rise in Treasury deposits (with the Fed) and reverse […]

David Hume Loves 100% Reserve Banking

I’m not sure I fully appreciated this when I read it as a young lad: II.III.4 This has made me entertain a doubt concerning the benefit of banks and paper-credit, which are so generally esteemed advantageous to every nation. That provisions and labour should become dear by the encrease of trade and money, is, in […]