I assume that you know how the banking system developed and how the banks could improve the services rendered by gold, by transferring assets from one individual to another individual in the books of the banks. When you study the development of the history of money you will discover that there were countries in which [...]
[This Libertas Award acceptance speech was delivered at the XXIII Forum da Liberdade, in Porto Alegre, Brazil, on April 12, 2010.] President [Leonardo] Fração, it is a pleasure to be here, at this XXIII Forum da Liberdade, whose theme is based on Ludwig von Mises’s Economic Policy book [known in Brazil as The Six Lessons]. [...]
The subprime crisis left many Americans wary of financial markets and capitalist financiers. In his recent speech President Obama blamed Wall Street, and to a lesser extent Main Street, for the 2008 crisis. According to this speech, Washington bears little or no responsibility for the 2008 crisis. Obama is not alone in blaming Wall Street [...]