Money, Bank Credit, and Economic Cycles - The Ludwig von Mises ...

Index of Subjects 865See also Fractional-reservebankingLife insurance, 161–65, 586–97premiums, 587exchange of present goodsfor future goods, 161perfected savings, 162companies, as true financialintermediaries, 586–90as cover for fractionalreservebanking, 163–65principles corrupted, 594–97surrender clause, 591–93surrender of life insurancepolicy, 163Loandefinition and types, 1market, as subset of timemarket, 287–88real factors, influencing thedemand, 372–74Loose joint, between real andmonetary sides of economics,according to Hayek, 580Macroeconomicaggregates, 438, 576–78policy, according to the AustrianSchool, 581–83Macroeconomics, Hayek’s criticismof, 564nMalinvestment, 375usefulness after the boom,416nresources in the boom priorto the economic crisis, 414Mancamento della credenza, 71, 480“Manic-depressive” economy.See EconomyMarket rigidity, chief enemy ofrecovery, 435Marxism, connections with Austriantheory of the trade cycle,468–74, 572Mathematical reserves, 588Means, concept of, 266Medicis. See BankingMisappropriationin irregular deposit, 9–10in Spanish criminal law, 11nMississippi Trading Company,110Monetarismcritique of, 512–42policy advocated by, againstrecessions, 534–35theory of, 512–42Monetarists and Keynesiansanalytical and methodologicalsimilarities, 576–78differences, 579–80Monetarists’ equation ofexchange, 522–23, 530–33Monetary constitutionalism, 756n“Monetary equilibrium”criticism of, 685–86, 688–93theory of, in White and Selgin,677–79Monetary irregular-deposit contract,4, 7, 9, 11Azpilcueta on, 89Saravia de la Calle on, 85reasons for violation of,38–39Monetary reform, objections toHuerta de Soto’s proposal for,and replies, 760–87Monetary stabilization in periodsof rising productivity,424–31Monetary systemcosts of two systems compared,779–81in former Eastern bloc countries,803–05Monetization of national debt, 757