Money and Banking

The US dollar’s days as a global reserve currency are numbered, but there is no high-quality replacement available. If there were an ideal reserve currency for the world, this is what it would look like.

Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand. 

A quick look at some coverage of the Swiss gold initiative.

Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda. Regulation will lead to overuse of resources, shortages, and distorted markets.

Household consumer credit continues to explode.

G-20 nations rubber-stamp plans to have you bail out the too-big-to-fail banks.

Tiny houses are a growing phenomenon as potential homeowners look to cut down on housing costs in the face of an economy rife with booms, busts, and spiking asset prices.

The Netherlands and Germany have disaster plans for the Euro. Do you?

A good sign for the future: Fed economist attacks the Gold Standard.

Zero Hedge reports that Marine LePen of the unexpectedly popular National Front Party in France is now demanding that the French central bank repatriate its gold.