A central bank is not a natural product of banking development. It is imposed from the outside or comes into being as a result of government favors. —Vera Smith, The Rationale of Central Banking and the Free Banking Alternative Anarchy, the absence of coercive government, must not

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Download the slides from this lecture at Mises.org/SS23_PPT_13

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Download the slides from this lecture at Mises.org/SS23_PPT_12

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023.

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Jule and Lynne Herbert.

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Scott and Cathy Ullery. Download the slides from this lecture at Mises.org/SS23_PPT_15

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Paul Dietrich. Download the slides from this lecture at Mises.org/SS23_PPT_17

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Bob Tancula.

Recorded at the Mises Institute Supporters Summit in Auburn, Alabama, 12-14 October 2023. Sponsored by Brian and Shanna Tvenstrup. Download the slides from this lecture at Mises.org/SS23_PPT_14