Common Law Perspective

Was du ererbt von deinen Vätern hast, Erwirb es, um es zu besitzen.
What you have inherited from your Fathers, Take hold of, in order to possess it.
Johann Wolfgang von Goethe, Faust

Friday, August 17, 2012

Fact and Fiction on Reserve Requirements

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In the system we have now, we do use both a reserve restriction and an asset restriction. But, the modern reserve restriction has changed f...
Tuesday, August 14, 2012

Private Issue of Money -- the Root of Our Monetary Problem?

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In a comment posted under an article by my friend Jerry Bowyer ( Where's the Hyperinflation? ), "ps61penn62prin64" writes that...

Why We Do NOT Have a Fractional-Reserve System

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This blog entry is for anyone who believes, as John Tamny here puts it, that “Fractional reserve banking quite simple IS.” Among the many...

Jimmy Stewart Banking versus James Steuart Banking

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In his excellent book The New Lombard Street, Perry Mehrling writes of "a world that never was ... Jimmy Stewart banking of blessed mem...
2 comments:
Wednesday, December 28, 2011

How to Make the Euro Project Work

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The euro seems to be on its last legs, and the vision which inspired its genesis seems to have vanished from the politicians sponsoring it. ...
Thursday, November 11, 2010

Much Ado About Easing

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"Quantitative Easing" is the latest thing to get in a tizzy about these days. Everyone seems to have an opinion on quantative easi...
Monday, August 30, 2010

Why the Fed Should Boost Interest Rates

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If the Fed wants to boost economic activity, it should think about raising the federal funds target rate. Why? Wouldn't that restrict le...
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