Monetary Theory

The state exploits the uncertainty in the population about the true reasons for the growing gap in income and asset distribution.

Ms. Yellen wears the intellectual blinders of the mainstream macroeconomist. We can look forward to the Fed blindly fueling asset bubbles.

Interviewed by host Alan Butler, Mark Thornton discusses monetary and fiscal policy.

Central banks are becoming the real centers of political power.

Interviewed by host Alan Butler, Mark Thornton dispels the notion that a little bit of inflation is a good thing.

Interviewed by host Marina Dzhashi, Mark Thornton discusses the U.S.

The dollar is very susceptible to losing its vaunted reserve currency position.

Interviewed by host Marina Dzhashi, Mark Thornton offers his take on Bitcoin.

The financial crisis was the consequence of monetary central planning writ large. To avoid future crises, shutter the Fed.

The aggressive monetary pumping by the Fed runs the risk that real wealth, the key for economic growth, will become stagnant or start declining.