Money and Banking

Displaying 11 - 20 of 1723

The Problem with Modern Monetary Theory

Money and BanksMoney and Banking

Blog03/19/2019

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.

Read More

A Modest Proposal for the Fed

Business CyclesMoney and Banking

Blog03/08/2019

So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.

Read More

The Bank of Canada Ignores its Mandate

Money and BanksMoney and Banking

Blog03/06/2019

The Bank of Canada's official mandate to promote the “the economic and financial well-being of Canadians,” isn't compatible with the Bank's real mandate which is apparently to look out for the good of a small number of powerful banks.

Read More

Fed Policy vs. ECB Policy: A Comparison

Money and BanksMoney and Banking

The Fed and the ECB have taken two different paths since the 2008 crisis. Here's what you need to know.

Read More

Why the Boom-Bust Cycle Keeps Repeating

Money and BanksMoney and Banking

Blog03/04/2019

By creating money out of thin air, central banks repeatedly create bubble industries that must inevitably be liquidated.

Read More

Banks use Other People’s Money — So What?

Money and BanksMoney and Banking

Blog02/23/2019

Since we don't know the future, all investment is a type of speculation, and this doesn't mean banks are behaving nefariously when investing other people's money.

Read More

Government Spending Isn't Always Inflationary

Money and BanksMoney and Banking

Blog02/23/2019

While government spending re-allocates and distorts resources, it is not necessarily inflationary. Inflation really just stems from money creation and fractional-reserve lending carryied out by central banks and private banks — thus creating money "out of thin air."

Read More

Two Simple Questions Keynesians Can't Answer

Money and BanksMonetary TheoryMoney and BankingOther Schools of Thought

Blog02/22/2019

Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.

Read More

The Problem with Cutting Taxes without Reducing Spending

Money and BanksMoney and Banking

Blog02/15/2019

Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.

Read More

The Pseudo-Psychology Behind Monetary Policy

Money and BanksMoney and Banking

Blog02/09/2019

Regardless of expectations, tampering with the economy by means of monetary policies will always undermine the foundations of the real economy.

Read More
Shield icon library