Market forces and Fractional Reserve Banking
Peter Šurda Ralph Musgrave made a blog post “Lawrence White Tries to Argue for Fractional Reserve Banking” where he criticises some of the arguments made by Lawrence White in testimony on his…
What am I doing here?
Let me tell you something about me. I want to explain why I started this blog and what I intend to do with it. My primary goal is not to…
Response to Philip Pilkington on Deflation
Philip Pilkington made a post criticising the idea that price deflation is if not beneficial, then at least non-neutral from economic point of view: http://www.nakedcapitalism.com/2012/09/philip-pilkington-the-19th-century-long-depression-how-it-fostered-oligopolistic-capitalism-and-serves-as-a-model-for-austerity.html This post was also reposted…
Response to Hülsmann & Hoppe from PFS 2012 Q&A session day two
Professors Hülsmann and Hoppe answer a question from the audience about Bitcoin around 32 minutes into the video here: http://propertyandfreedom.org/2012/12/day-2-question-answer-session-pfs-2012/ This is a quick response to them. Hülsmann argues: “It’s…