Bob explains the mechanics of modern banking and how liabilities and assets on bank balance sheets differ from popular assumptions. He shows how interest rates and central bank policy shape lending and deposit behavior, and why private companies move money differently than commercial banks. Bob also critiques the perspectives of Richard Werner, Steve Keen, and George Selgin, showing where their explanations align or fall short.

Bob's Infineo Article, "A Biz vs. a Bank vs. the Fed": Mises.org/HAP513a
The Charts Used in this Episode: Mises.org/HAP513b

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century Get your free copy at Mises.org/HAPodFree

Épisode 68 - Céline de Monicault " Ne vous inquiétez pas, j'ai un cancer du sein" partie 1