Banking

Archive for Banking

Summers and Krugman: The Liquidity Trap Is Forever

It now looks like the War on Savings will be as eternal as the War on Terror. Previously, Paul Krugman et al. had confined their upside-down prescriptions to this apparently temporary abnormality, but once things returned to normal they would go back (we were assured) to worrying about budget deficits and the stability of the […]

Gerald O’Driscoll: Fed Is the “Enabler” of Government Budget Deficits

From his recent CATO podcast.

Trouble Withdrawing Money From Bank Account?

I know someone who is selling a (modest) house. He is concerned that he won’t be able to take the money out of his checking account and turn it into cash. Has anybody done this recently, who would like to share the experience in the comments? To be clear, he doesn’t want to do anything […]

The Return of Robert Murphy to Team Brittany!

They actually billed it as “The Return of Robert Murphy.” I’m not a narcissist, just the messenger. I really don’t know what more you could want from YouTube, than to hear me talking fractional reserve banking with three ladies named Brittany:

Mises’ Momma Didn’t Raise No Fool on Banking Regulations

For some reason this passage from pages 443-444 of Human Action cracked me up: People may uphold the opinion that banknotes are more handy than coins and that considerations of convenience recommend their use….But all this has no reference whatever to the problem in question. It does not provide a justification for the policies urging […]