Need for the Workshop
Ludwig von Mises said,
Only the naive inflationists could believe that government could enrich mankind through fiat money.
Indian economy is experiencing a heavy bout of Inflation. Prices of necessities like food and fuel are going through the roof. Indian currency rupee is the worst performing currency in Asia. Bank interest rates are historically low. Many banks have already collapsed ruining their depositors. The demonetisation exercise destroyed the economy. People are wondering why their day to day life is a struggle. If you are one of these people and you want to understand what is wrong with today’s money and banking system then Mises India is conducting this workshop for people like you only. Understanding money and banking is key to understanding what is happening with our economy today.
The great Austrian School economist Prof. Ludwig von Mises said, “Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.”
Taking to heart this message of Prof. Mises, Mises India endeavors to educate people in the ideas of sound economics. To fulfill this goal we have designed this workshop, “Money and Banking”.
Money and Banking are two very important economic phenomena which every citizen must fully understand if they want to safeguard their lives, property and liberty. The recent exercise of demonetization in India fully exhibits the need of such understanding of money and banking matters.
Our small course will help students understand these two important phenomena.
CONTENTS OF THE WORKSHOP
1) Part 1: Money
a. Its Importance and origins
b. Economics of money (Demand for and supply of money and prices)
2) Part 2: Banking
a. History of banking
b. Modern banking system (Fractional reserve banking)
c. Central banking
VENUE, DATE & TIME
Workshop will be held Online on Sunday, 15th August 2021 at 10.00 AM to 2:30 PM IST.
Maximum 15 per workshop.
- INR 1000/- (Students with School/College ID)
- INR 2500/- (Others)
LAST DATE OF REGISTRATION
The last date of registration is 10th August, 2021. Confirm your registration by paying the prescribed fees.
Note: Registrants who will fail to pay fees by the last day of registration will automatically be delisted for the workshop.
UPI ID for online payment: madhusudanraj@icici
You can pay fees online (NEFT / RTGS / IMPS) to the account given below:
Account Name: Madhusudan Raj
Account Number: 443402010008632
Bank name: Union Bank of India
Branch: Vesu, Surat
IFSC Code: UBIN0544345 (used for RTGS, IMPS and NEFT transactions)
REGISTRATION WILL OPEN SOON FOR NEXT EDITION OF “MONEY AND BANKING” WORKSHOP.