Money and Banking

BenjaminsDavid spends some time talking about the need to understand economics and banking.

“Where did the money come from? It came, and this is the most important single thing to know about modern banking-it came out of thin air. Commercial banks that is, fractional reserve banks-create money out of thin air”. ~Murray N. Rothbard

Tune in to hear David talk about this history our money and our monetary system.

The word “Inflation” originally applied solely to the quantity of money. It meant that the volume of money was inflated, blown up, overextended. It is not mere pedantry to insist that the word should be used only in its original meaning. To use it to mean “a rise in prices” is to deflect attention away from the real cause of inflation and the real cure for it ~ Henry Hazlitt

As always, you can reach David by calling: 501-952-3090 or email him: