Clearly this mischaracterizes sovereign money.
I think this misses Werner’s point. He does not claim that lending is not constrained. There is no transfer from one external account to the borrower’s account in the loan process and reserve...
Verry thoughtful blog
In reply to Ken G. agree, this article is nonsense (and Werner’s was ...
The Werner paper was not only easy to understand but absolutely correct. I’m surprised this article was even written.
Central banking is central planning.Without government backing them central banks have no power.Under laissez-faire you would have free banking where anyone can make their own currency under free...
găsit un articol foarte interesant din 2013 pe blogul spontaneousfinance.com, despre activele ponderate la risc, această componentă-cheie a reglementărilor bancare
Oliver Studd you are right. The three theories of banking are very different, with Credit Creation being massively different, and a HUGE deal that private banks create money. It is deeply absurd ...
to the concept of shadow banking is shadow money, and clearly stablecoins fit the bill. When he was a Governor at the Federal Reserve, Dan Tarullo
https://spontaneousfinance.com/2016/05/18/on-shadow-money/comment-page-1/#comment-18221
In his first article ” Economic Calculation in the Socialist Commonwealth “, Mises describes the nature of the price system under capitalism and describes how individual subjective values are...
https://spontaneousfinance.com/2013/10/10/ludwig-von-misess-death/comment-page-1/#comment-16265