Money and Banking

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The Money Myths Behind the Creation of the Federal Reserve

The FedMoney and BanksU.S. EconomyU.S. HistoryMoney and Banking

Blog20 hours ago
Roger Lowenstein's new book on the Federal Reserve relies on some well-worn myths about the monetary history of the United States.

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Why Fractional-Reserve Banking Would Be Limited in an Unhampered Market

Money and Banking

Blog01/15/2017

In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."

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The Fed Needs Competition, Not Rules

The FedMoney and BanksMoney and Banking

Blog01/12/2017

If a monetary rule like the Taylor Rule is not a solution to the problem of the Fed, what is? Competition.

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Top Five Monetary Policy Issues To Watch In 2017

The FedMoney and Banking

Blog01/09/2017

Here are the five most important issues to keep an eye on in 2017.

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Dollar Retreats from Highs as FOMC Stays Skittish

The FedMoney and BanksMoney and Banking

Blog01/09/2017

The Fed keeps hinting that it plans to raise the target rate more than once this year. But, the Fed's level of confidence is near zero.

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The Case Against Fed Reform

The FedMonetary TheoryMoney and Banking

Blog01/04/2017

Congress seems set to reform the Fed, but what we really need is Fed competition.

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What Is This "Neutral" Interest Rate Touted by the Fed?

The FedMoney and BanksMoney and Banking

Blog01/03/2017

The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.

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Do Central Bankers Know a Bubble When They See One?

The FedMoney and BanksMoney and Banking

Blog01/01/2017

At different times and in different places, Fed officials have changed their stories about whether or not bubbles can be seen before they pop.

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The Week in Review: December 31, 2016

World HistoryMoney and BankingPolitical Theory

Blog12/31/2016

Happy New Year from the Mises Institute!

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Negative Interest Rates: How Low Can They Go?

Money and BanksMoney and BankingPolitical Theory

Negative rates can work because the opportunity cost of holding physical cash is not zero. Abolishing large banknotes further increases the cost.

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