Money and Banking

Displaying 1 - 10 of 1841

Central Banks Double Down on the Failed Policies of the Twentieth Century

Central BanksThe FedMoney and Banking

Blog10/01/2020

Today’s macroeconomic beliefs defy all the historical evidence with their focus on increasing the economic presence of the state at the expense of the productive private sector.

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The Debt-Inflation Spiral Is Driving up the Demand for Gold

Central BanksFinancial MarketsMoney and Banking

Blog08/15/2020

It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.

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Why Fed Bugs Really, Really Hate Gold

Gold StandardMoney and Banking

Blog08/09/2020

Fed bugs sound like real estate agents in reverse: there is never a good time to buy gold.

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Are Fractional Reserve Bank Deposits Money?

Money and BanksMoney and Banking

Blog06/26/2020

It is possible to conceive of a world where fractional reserve banking is understood by both banker and depositor and involves no deception or fraud. But in that world, deposits cease to be money and become complex credit securities.

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Why Central Banks Are a Threat to Our Savings

Money and Banking

Blog06/25/2020

Contrary to what many modern economists say, increased saving is not a problem for the economy. The real problem stems from declines in production and saving, and these often result from central banks' monetary policy.

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The Fallacy of the Equation of Exchange

Money and Banking

Blog06/17/2020

The assumption that an exchange presumes some sort of equality has been a delusion of economic theory since Aristotle.

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The ECB Has Been Hiding Risk. They Won't Be Able to Do It Much Longer.

Global EconomyTaxes and SpendingMoney and Banking

Blog05/18/2020

The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.

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Money Pumping Won’t Fix What’s Wrong with the Economy

Booms and BustsMoney and Banking

Blog05/02/2020

The current bust has been made worse by previous periods of easy money, which destroyed the wealth creation that is critical to sustaining a growing economy.

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The Fed Has Gone Nuts. And It Can Get Worse.

The FedTaxes and SpendingMoney and Banking

Blog04/27/2020

The new Fed policy proposals being floated carry significant political risk, because they enjoy support not just from the redistributionist left, but also “business conservatives” happy to raid our future to make their pain stop.

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The COVID-19 Crisis Is Driving the EU to the Brink

Big GovernmentGlobal EconomyMoney and Banking

Blog04/25/2020

As the debt bombs in Italy and Spain and France get worse, it increasingly looks like the eurozone will have to bail out a huge portion of the European economy. Either that, or break up the EU, provoking a new crisis.

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