Money and Banking

Displaying 1 - 10 of 1924

The End of the Gold Standard. Fifty Years of Monetary Insanity

Gold StandardMoney and Banking

Blog08/21/2021

The gold standard supposed a limit to the fiscal voracity of governments, and suspending it unleashed the perverse proclivity of the states toward indebtedness and to pass the current imbalances on to future generations.

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Why Rothbard Trended on Twitter This Weekend

Anti-PoliticsMonetary PolicyMoney and BanksMonetary TheoryMoney and Banking

Blog08/16/2021

On Friday, Twitter CEO Jack Dorsey tweeted a link to Rothbard's essay "Anatomy of the State."

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As the Fed Powell Continues to Flail, Could an MMT Fed Chair Be Next?

The FedMoney and Banking

Blog07/23/2021

Could progressive pressure, mixed with escalating economic pressure, push White House decision-makers to replace Jay Powell with an advocate of MMT?

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America's First Housing Bubble and the Panic of 1819

Money and Banking

Blog07/16/2021

In 1819 America, nobody blamed the effects for the Panic of 1819, they rightly blamed the cause. They blamed the "friendly central bank."

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Can the Lightning Network Lead to "Hyperbitcoinization"?

BitcoinMoney and Banking

Blog07/02/2021

Just as the internet needed web browsers before it could really change the world, Bitcoin needed user-friendly interfaces to grow beyond money and towards being the base layer—the “rails”—for decentralized services built on Bitcoin alone.

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Beyond the Fed: "Shadow Banking" and the Global Market for Dollars

Money and Banking

Blog06/28/2021

Although it conjures up scary imagery, shadow banking is simply a term for banking operations that occur through financial intermediaries that are not traditional commercial banks.

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Investors Won't Buy the "Transitory" Inflation Line

Money and Banking

Blog05/18/2021

Governments always justify printing more money with the excuse that there is no inflation. When inflation rises, they say it is transitory. And when inflation soars, governments blame businesses and shop owners, presenting themselves as the solution with “price controls.”

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There's No Reprieve in Sight from the "Monetary Repression Tax"

Money and Banking

Blog05/13/2021

There is nothing new in a fiat-money central bank imposing an effective tax on the public’s holdings of government debt by manipulating interest rates. But few thought it could go on this long. 

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Boom to Bust: How Inflation Turns into Deflation

Money and Banking

Blog05/12/2021

Seemingly endless amounts of fiscal and monetary stimulus will keep prices rising in the near term. But if the banking sector and other bubble industries weaken, we will eventually see deflation as new loan activity lessens. 

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Monetary Pumping and Idle Resources

Money and Banking

Blog05/05/2021

A loose monetary policy that is aimed at boosting use of idle resources won't work. Idle resources only become profitable and efficient when we have enough real savings. Unfortunately, easy money policies destroy real savings. 

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