Economics

Overview of the Bretton Woods Conference in New Hampshire in July 1944, including the emergence of the US dollar as the world's reserve currency, the establishment of the International Monetary Fund (IMF) and World Bank (International Bank for Reconstruction and Development). Also includes a discussion of the Council on Foreign Relations (CFR) and leading banker David Rockefeller.

Yaron Brook answers "What is fractional reserve banking and should it be legal?"

Archived from the live Mises.tv broadcast, this lecture was presented by Joe Salerno at the 2013 Mises University, hosted by the Mises Institute in Auburn, Alabama, on 23 July 2013.

This video explains the fractional reserve banking system and the monetary policy of the Federal Reserve Bank. This is a very detailed explanation on the creation of currency within the Federal Reserve system. The inspiration for this video comes right out of the Federal Reserve's report Modern Money Mechanics.

Capitalism is so much more than wealth. It’s why we live longer, innovate faster, and thrive. It aligns with our human nature, helping us and our fellow citizens to flourish.

Thomas Sowell discusses economic inequality, racial inequality, and the myths that have continued to falsely describe the system of poverty among different racial and economic classes. He explains the economic theories behind these pervasive myths and proposes fact-based solutions for seemingly intractable situations.

Thomas Sowell has studied and taught economics, intellectual history, and social policy at institutions that include Cornell University, UCLA, and Amherst College. Now a senior fellow at the Hoover Institution, Sowell has published more than a dozen books, the latest of which is a revised and updated edition of his classic volume, Basic Economics. "Through its various editions," Sowell writes, "the fundamental idea behind Basic Economics remains the same: Learning economics should be as uncomplicated as it is informative."

Inflation is blamed on many things. But it has only one cause: It is a monetary phenomenon. Inflation occurs when the quantity of money increases faster than the quantity of goods. Why does the money supply increase? Very often, it does so to enable the government to pay its bills without raising taxes. There's only one real cure for inflation. It is a cure that's easy to describe but difficult to apply: The government must reduce spending and print less money. The alternatives are both recession and double-digit inflation. Recorded at University of San Diego & San Diego Chamber of Commerce ©1978