Mark Thornton looks at the potential for everyone to run for the exits in the financial markets. In the absence of a gold monetary system and full reserve deposit banking, only the Fed can engineer economy-wide liquidity crises or fundamental crises.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at <a href="https://mises.org/IssuesFree" target="_blank">Mises.org/IssuesFree</a>.Follow Minor Issues at <a href="https://Mises.org/MinorIssues" target="_blank">Mises.org/MinorIssues</a>.

Mark Thornton looks at the potential for everyone to run for the exits in the financial markets. In the absence of a gold monetary system and full reserve deposit banking, only the Fed can engineer economy-wide liquidity crises or fundamental crises. Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree. Follow Minor Issues at Mises.org/MinorIssues.

Mark Thornton looks at the potential for everyone to run for the exits in the financial markets. In the absence of a gold monetary system and full reserve deposit banking, only the Fed can engineer economy-wide liquidity crises or fundamental crises.Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at <a href="https://mises.org/IssuesFree" rel="noopener noreferrer">Mises.org/IssuesFree</a>.Follow Minor Issues at <a href="https://Mises.org/MinorIssues" rel="noopener noreferrer">Mises.org/MinorIssues</a>.&nbsp;

Rushing for the Financial Exits

Succinct economic commentary by Dr. Mark Thornton, senior fellow at the Mises Institute.

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Rushing for the Financial Exits

Rushing for the Financial Exits