An important podcast on shadow money & the boom and bust cycle

I recently came across a terrific Bloomberg On The Economy podcast with James Sweeney and Carl Lantz on “shadow money” — assets which are used as the equivalent of money during the snowball of the asset bubble / artificial boom.

The problem Sweeney and Lantz identify is that the stock of money expands and contracts . . . → Read More: An important podcast on shadow money & the boom and bust cycle

IS IT WITTGENSTEIN?

Or is it Seth Lipsky on fiat money and the kilometer standard in Paris. Wittgenstein in his private language argument and in his discussion of our shared language and practices of measuring with an inch-ruler brings to the foreground the necessary regularities in our common linguistic social background and in our goings on in the . . . → Read More: IS IT WITTGENSTEIN?

An interview with Lawrence White

Mostly on money and banking.

Ron Paul’s END THE FED — #27 in books at Amazon

Ron Paul’s End the Fed is now shipping.

“Rarely has a single book not only challenged, but decisively changed my mind. ” –Arlo Guthrie

“Everyone must read this book — Congressmen and college students, Democrats and Republicans — all Americans. The Federal Reserve, which serves private banks, has compromised our economy and is undermining our . . . → Read More: Ron Paul’s END THE FED — #27 in books at Amazon

George Selgin & Peter Schiff on The Federal Reserve

George Selgin speaks at 10:40 into the video and Peter Schiff begins at 25:55 into the video.

BONUS:  Peter Schiff was right, and Ben Bernanke was wrong, wrong, wrong.  So, which one studied Hayek?  And which one was reading out of the Keynesian playbook?

. . . → Read More: George Selgin & Peter Schiff on The Federal Reserve

john cochran: How Centrally Planned Money Caused The Crisis

It’s impossible for a market economy to function non-pathologically when the backbone of the system — the communication transmission mechanism of money prices — is constantly short-circuited by an unworkable attempt at central planning. John Cochran explains. Quotable:

A major significant failure of the resurgence of market-oriented policies [since the 1980s] was a failure to . . . → Read More: john cochran: How Centrally Planned Money Caused The Crisis

currency competition: Silver Coin Maker Indicted by the Feds

The maker of silver coins meant to compete as currency with Federal Reserve fiat currency has been indicted by the Federal government.  Read the Dept of Justice indictment and press release.

The businessman’s web site has yet to be pulled down.

interview: George Selgin on Money & Banking

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

interview: Hayek on Money, Keynes, Friedman & Gold

Quotable:

Q: You taught with Lord John Maynard Keynes at the same university, did you not?

Hayek: I taught at his university while he was advising government. We at the London School of Economics were evacuated to Cambridge for the whole World War II period, and Keynes got me rooms in his college. But he . . . → Read More: interview: Hayek on Money, Keynes, Friedman & Gold

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Random Quote

The mind does not so much make rules as consist of rules of action. — F. A. Hayek

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