Hoppe in Sydney 2011 - "Politics, Money and Banking"
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Uploaded by economicsthemovie on Dec 25, 2011
Hoppe's third and final speech at the Australian Mises Seminar 26/11/2011.
- 16 likes, 0 dislikes
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awesome
mingin001 3 weeks ago
Hoppe is absolutely brilliant. Thank you for posting this.
dieyoung 3 weeks ago
About State lending credit with interest vs spending newly printed money: there is also another difference. With the former, the new money enters an economy with an attached interest that has to be paid back but the interest money has not been created, only the principal. This, together with fractional reserve banking, enforces that more and more credit must be created in order for such a system to "sustain." Of course, such system ultimately disintegrates and destroys its currency.
rumco 2 months ago