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Source link: http://archive.mises.org/15372/lecture-on-bank-mechanics/

Lecture on Bank Mechanics

January 20, 2011 by

As part of the Mises Academy’s continuing efforts to provide ever higher quality service to students, in Robert Murphy’s Anatomy of the Fed class, in addition to the live lectures, we are trying out providing separately-recorded, higher video-quality versions of each lecture.

In the lecture below (click here for the slides), Robert Murphy walks you through an analysis of bank mechanics to be found in Rothbard’s Mystery of Banking (the main textbook for the course). The book, published for the first time not so long ago by the Mises Institute, is itself a wonderful pedagogical accomplishment. And now, to be able to be guided through it, step by step, by an economist and educator like Dr. Murphy, is truly marvelous. The opportunities for the public to educate itself regarding the science that Mises called “the pith of civilization” are expanding and deepening with every passing week, which hopefully bodes well for civilization itself.

This online course, as well as 5 other winter courses, are still open for enrollment at the Mises Academy.


Davis January 20, 2011 at 9:21 am

Dr. Murphy is awesome. When I was first introduced to Libertarianism about two years ago I read a lot of his stuff and learned a great deal from it.

Adam January 20, 2011 at 10:23 am

Totally awesome!! Just enrolled in the course based on the lecture above. You guys are doing an amazing job!! You should definitely consider setting a masters program in austrian economics.

Tony C January 20, 2011 at 10:12 pm

Holy cow! This video is in HD! This is SO much better than the other Mises Academy videos you guys have posted! Go Danny!

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