Tag Archives: Mises Institute

Interview with Patrick Barron – Part II of II Claudio Grass (CG): This crisis has shaken a lot of industries and core functions of the global economy and international trade. How do you assess its impact on the most important part of the machine, the banking system? Do you see risks there that investors should be worrying about? Patrick Barron (PB): Banks are financial intermediaries. They take deposits and make loans. That has been going on for millennia. What we call banking...

Interview with Patrick Barron – Part I of II We’re less than two weeks away from the US election, and yet this sense of utter confusion, bitter political conflict, and economic uncertainty that has been ominously hovering over the nation, as well as the rest of the world, doesn’t seem to have subsided. The country still appears to be in a directionless state, with its economy in serious trouble and its society dangerously fragmented. There seems to be a wide rift in...

Interview with Patrick Barron – Part I of II We’re less than two weeks away from the US election, and yet this sense of utter confusion, bitter political conflict, and economic uncertainty that has been ominously hovering over the nation, as well as the rest of the world, doesn’t seem to have subsided. The country still appears to be in a directionless state, with its economy in serious trouble and its society dangerously fragmented.  There seems to be a wide rift in US...

As we go through an important paradigm shift in politics, in the global economy, in equity markets, and of course in precious metals too, the fundamental economic principles we used to rely on seem to be increasingly under attack. Central bankers the world over are doubling down on reckless monetary policies, punishing savers and responsible, long-term investors. In Europe, we have already seen the damage that negative interest rates and protracted QE have inflicted, and will continue to...

As we go through an important paradigm shift in politics, in the global economy, in equity markets, and of course in precious metals too, the fundamental economic principles we used to rely on seem to be increasingly under attack. Central bankers the world over are doubling down on reckless monetary policies, punishing savers and responsible, long-term investors. In Europe, we have already seen the damage that negative interest rates and protracted QE have inflicted, and will continue...

The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its ability to dig, a currency’s value comes from its ability to help you do two things: transactions and savings. Think...

In a recent interview with Mises Weekends, Claudio Grass examined some of the advantages of the Swiss political system, and how highly decentralized politics can bring with it great economic prosperity, more political stability, and a greater respect for property rights.  Since the Swiss political system of federalism is itself partially inspired by 19th-century American federalism, the average American can...

[Part of a series on the Swiss economy and society.] The enigmatic independence of Switzerland is perhaps best demonstrated in the fact that its healthcare system manages to satisfy both free marketers and the statist-socialists in the country. It is a giant social safety net woven by individual responsibility and self-made wealth. Health insurance is almost entirely consumer-based, though there are strict cantonal...

Authored by Ryan McMaken via The Mises Institute, In a recent interview with Mises Weekends, Claudio Grass examined some of the advantages of the Swiss political system, and how highly decentralized politics can bring with it great economic prosperity, more political stability, and a greater respect for property rights.  Since the Swiss political system of federalism is itself partially inspired by 19th-century American federalism, the average American can usually imagine in...

Andreas Marquart and Philipp Bagus (see their mises.org author pages here and here) were recently interviewed about their new book by the Austrian Economics Center. Unfortunately for English-language readers, the book is only available in German. Nevertheless, the interview offers some valuable insights.  Mr. Marquart, Mr. Bagus, you have released your new book „Wir schaffen das – alleine!” (“We can do it – alone!”)...