Category: Corruption

“1984” Has Come to China

“1984” Has Come to China by Jim Rickards for Daily Reckoning You’re probably familiar with George Orwell’s classic dystopian novel Nineteen Eighty-Four; (it’s often published as 1984). It was written in 1948; the title comes from reversing the last two...

How Fractional Reserve Lending Makes Money Disappear

How Fractional Reserve Lending Makes Money Disappear by Frank Shostak for Mises According to the popular way of thinking, it is held that banks are responsible for the expansion of lending also known as credit, and given that economic prosperity is...