Money and Banking

Displaying 11 - 20 of 1925

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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The Dark Side of Yield Curve Control Policy

Money and Banking

Blog05/03/2021

The interest control policy is ultimately an admission of “fiscal dominance.” That is, it is increasingly difficult to deny that the state's budget situation is what dictates monetary policy. Now, monetary policy must first serve the interests of the regime itself. 

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Monetary Savings versus Real Savings

Money and Banking

Blog04/28/2021

What matters for real economics is real savings, not increases in consumer spending driven by money printing. The best way to get an increase in savings is to decrease both money pumping and government spending. 

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No, Dogecoin Does Not Compete with Bitcoin

Financial MarketsMoney and Banking

Blog04/24/2021

Medium of exchange and store of value are very different products.

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Biden's Big Spending Plans Will Not Revive the Economy

Money and Banking

Blog04/20/2021

Even without deficits or new taxes, Biden's infrastructure spending plan will only create more malinvestment and inflict further damage on an already weakened economy. 

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Printing Money Can't Replace Real Savings

Money and Banking

Blog04/13/2021

If monetary stimulus could strengthen real economic growth, then world poverty would have been eliminated a long time ago.

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Critics Claim Bitcoin Is a Threat to the Environment. They're Wrong.

Money and Banking

Blog04/12/2021

Opponents of bitcoin now claim that bitcoin mining causes global warming and is an environmental threat. But the boom-bust cycles caused by central banks and their fiat money are far worse than any carbon footprint bitcoin can produce.

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Monetary Policy in America Is a Mess. Things Are Even Worse in Europe.

Money and Banking

Blog04/07/2021

America is plagued by mountains of debt, cheap money, and an out-of-control central bank. But the situation with the European Central Bank is even more dangerous. 

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Fed Transparency Won't Get Us out of the Mess the Fed Created

Money and Banking

Blog04/06/2021

There is much talk these days about Fed "transparency" easing the effects of monetary policy. But it is not possible to deflate the present gigantic monetary bubble without a severe economic bust, and a policy of transparency employed by the Fed cannot prevent the inevitable bust.

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Big Debt Plus Rising Interest Rates = Big Danger

Money and Banking

Blog04/03/2021

"Because there's so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% 15 years ago."

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