Mostly on money and banking.
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This week Russ Roberts shared the podium before Congressional staffers with Arnold Kling, explaining what happened and why. Roberts is the second speaker in the audio available here. Roberts tells a riveting Hayekian macro story of the economic bust — massive leverage via expanding banking money and credit created in part by loaning to each . . . → Read More: audio: Russ Roberts Goes Hayekian on the Bush-Obama Depression
George Selgin weighs in: .. national bank notes had to be backed by government bonds. That requirement, designed to bolster the Union’s finances while the [civil] war raged on, proved disastrous afterward, when government surpluses led to a halving of the federal debt, and to a corresponding shortage of bonds for securing bank notes. The . . . → Read More: The Federal Reserve & US History — BS vs Reality
Hayekian economist George Selgin talks about money, banking and his new book on coinage in an interview with the Richmond Fed. Worth quoting: RF: Do you see recent approaches to monetary policies and Fed actions as contributors to the current economic tumult? SELGIN: I agree entirely with those who blame the Fed for fueling the . . . → Read More: interview: George Selgin on Money & Banking
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