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

Index of Subjects 867Plan, definition, 267Political pragmatism of dailyaffairs, 788Political program, of least damage,454–56Positivism, 476–79Prediction of the 1929 stock marketcrash, 429nPrevention of crises, 432–40Pricesrevolution of, that accompanyinflation, 526–27, 618rise of, in response to creditcreation, 363–67Private property, and the attunementof the proposed system,748–49Probabilitycase and class, 386–88in life insurance, 162See also Fractional-ReserveBankingProductive structure, 291–96chart of, 293having changed permanently,380temporary effect on, producedby disparity of profits, 319–25Productivity theory of interest.See Capital, InterestProfit, “rate” of, 288Ptolemies. See BankingPublic-choice School, 659, 663Public works, 439–40Purchasing power of money. SeeMoneyPut, sale option, 159n, 771Quantity theory of moneycritique of the mechanisticmonetarist version, 522–35formulated by Azpilcueta in1556, 603–04Rational expectations, 423ncriticism of, 535–42Real factors. See LoanRecession, advent of, 375–82Recoverycounterproductive steps to it,436–40following a crisis, 433–34RefluxFullarton’s law of, 624Mises’s criticism of, 625Reform of the banking system.See Banking reformRegression theorem (Mises), 737nRelative prices, the revolutionthat accompanies inflation,526–27, 618Repurchase agreement. SeeDemand depositReserve ratiodifferent depending upontype of deposit (demand ortime deposit), 243maintenance of, above minimumrequirement, 242Reswitching controversy, 572–75Ricardo effect, 329–32its role in the crisis, 368–70,407Robinson Crusoe, 274–77Riksbank, 106–07Roman law, 24–27certificate or receipt of irregulardeposit in, 29codification of, 26–27fundamental principles of, 24Romebanking in, 53–58fall of, 58