With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance.
Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit.
Mises's A Theory of Money and Credit: Mises.org/TMC
Bob's study guide to A Theory of Money and Credit: Mises.org/HAP388a
John Cochran, 'The Safest Bank the Fed Won't Sanction': Mises.org/HAP388b
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2023-02-28
Watch Here ⏩ https://www.youtube.com/redirect?event=video_description&q=http://4ty.me/387mda
STREAMING! Today Minnesota High School Basketball, Roseau and Grygla-Gatzke,
The Grygla-Gatzke (Grygla, MN) varsity basketball team has a home non-conference game vs. Roseau (MN) on Monday, February 27 @ 7:30p.
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Come on join in our game for Chanel we went through all the Statistics game, please help support and subscribe to Our Channel.

2023-02-28
Watch Here ⏩ https://www.youtube.com/redirect?event=video_description&q=http://4ty.me/q956an
STREAMING! Today California High School Volleyball, Garey and Ontario Christian,
The Ontario Christian (Ontario, CA) varsity volleyball team has a home non-conference match vs. Garey (Pomona, CA) on Monday, February 27 @ 5p.
Game Details: Knights Center
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Come on join in our game for Chanel we went through all the Statistics game, please help support and subscribe

2023-02-22
Save the date!
Join us for our 2023 Supporters Summit, October 12–14, at the Mises Institute in Auburn, Alabama.
Lew Rockwell and Jeff Deist will host a weekend filled with engaging discussion and social time with other Mises members and speakers. We’ll open Thursday evening, October 12 with a reception in Auburn. Friday, October 13, we’ll have discussions and lunch at the Institute and close with a dinner at the new and unique Botanic in Opelika. Saturday, we’ll be back at the Institute for more lectures before finishing with a reception and dinner in Auburn.
We have a room block at the Auburn University Hotel, only 5 minutes from the Institute, for October 12–14. Please call (334) 821-8200 or use this link, to book, and be sure to mention the Mises event in October to get our special

2023-02-21
Advocates of Keynesian economics believe the Federal Reserve should pursue policies that will prevent the possible decline of the economy into a liquidity trap. But what is a liquidity trap?
Economic activity often is presented in terms of a circular flow of money. Spending by one individual becomes part of the earnings of another individual, and spending by another individual becomes part of the first individual’s earnings. Recessions, by this thinking, occur because consumers—for whatever reason—have decided to cut spending and increase their savings.
For instance, if people become less confident about the future, they are likely going to lower their outlays and hoard money. Therefore, if an individual spends less, this is going to worsen the situation of some other individual, who in

2023-02-18
The debate between the Federalists and the Anti-Federalists in the late eighteenth century was fundamentally a debate over whether or not Americans wanted or needed a large national state. Thus, in their effort to push ratification of the new constitution, the Federalists employed a wide variety of arguments designed primarily to convince the public that the United States, as it stood in 1787, was not politically centralized enough.
We often find words like "licentiousness" and "anarchy" used by the Federalists to describe what will afflict the United States if it does not embrace a larger and stronger national government. The Federalists often argued that abuse of power was less of a threat than "too much" freedom and therefore a stronger state is a better guarantor of wealth and order.

2023-02-17
With all due respect to Niall Ferguson, whom I’ve heard of, and Huw van Steenis, whom I’ve not, this tweet is quite preposterous. I’ve personally met more than five people who understand money just in my own circles.
What they mean is “monetary policy,” which is in fact very difficult to understand—given it effectively operates as a political program within the muddled field of macroeconomics. Monetary policy, unlike money per se, is ad hoc, highly technical, reliant on vast amounts of data, and dictated by political expediency.
As for money itself, there is nothing so difficult about it conceptually. A hundred and fifty years ago Carl Menger explained how money arose as the most saleable commodity in the marketplace, with the best properties to be a store of value and medium of exchange.
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