This paper analyses the COVID-19 crisis and its management from the perspective of
Austrian Economics. The attention focuses on the State's coercive intervention according to …

Purpose Free banking theory, as developed in Adam Smith's 1776 treatise,“The Wealth of
Nations” is a useful tool in determining the extent to which the “invisible hand of the market” …

Es para mí una satisfacción presentar esta sexta edición de Dinero, crédito bancario y ciclos
económicos a los lectores de habla española. Esta nueva edición ha sido completamente …

Canada is one of the richest countries in the world. It stands above most countries in the
Americas. It is also noticeably poorer than its closest neighbor, the United States, despite …

While ethical implications of direct taxation systems have recently received renewed
attention, a more veiled scheme remains unnoticed: inflation. We overview the causes of …

Bank deposits have two characteristics: they are available on demand and at par value.
Deposit redemptions face, at least given current technology, a lag between when they are …

This article aims to offer a new free banking proposal with a 100% cash ratio that uses the
DeFi 2.0 model. The current monetary system, based on Central Banking with fractional …

The extensive debate over fractional reserve free banking (FRFB) has spanned decades
and includes volleys from many contributors. Consequently, relative newcomers to the …

In der gegenwärtigen Wirtschafts-und Finanzkrise werden wieder vermehrt Alternativen zum
bestehenden Geldsystem diskutiert. Das vorliegende Discussion Paper bietet einen …

Central Bank Digital Currencies (CBDCs) have the potential to increase the financial
reliability of digital payment systems by offering direct interactions between payment system …