Dr Guido Hülsmann, Senior Fellow of the Mises Institute, and Economics Professor at the University of Anger, France, joins me in this very special episode. We talk about government monetary intervention compared with a free market in money. We discuss many topics:
The process of government monetary intervention and deterioration in quality of money
Which kind of monetary intervention is worst?
Interaction of reserve requirements with capital requirements
How businesses and banking differ in a free market economy versus our fiat money economy
The tendency towards one most saleable good or money, even within the cryptocurrency world
Comments on 'stock to flow' ratio and hard money
Dr Hülsmann's economics book recommendations for listeners
Dr Guido Hülsmann links:
Website: http://www.guidohulsmann.com/)
Guido Hülsmann's** **The Ethics of Money Production: https://mises.org/library/ethics-money-production)
Murray Rothbard’s What Has Government Done To Our Money?: https://mises.org/library/what-has-government-done-our-money)
Hans-Hermann Hoppe How Is Fiat Money Possible?: https://mises.org/library/how-fiat-money-possible-or-devolution-money-and-credit)
Ludwig von Mises Theory of Money and Credit: https://mises.org/library/theory-money-and-credit)
Huerta de Soto Money, Bank Credit and Economic Cycles: https://mises.org/library/money-bank-credit-and-economic-cycles)
Philipp Bagus In Defense of Deflation - https://www.springer.com/gp/book/9783319134277)
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