Money and Banking

In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates, writes James Grant.

Merely increasing demand does not increase production or produce wealth, writes Patrick Barron.

Inflation puts a brake on social mobility: the rich stay rich (longer) and the poor stay poor (longer) than they would in a free society, writes Gu

Easy money policy hurts most people, particularly workers and savers, and redistributes their wealth to the ruling elites, writes Mark Thornton.

Mark Thornton explains how silver money keeps inflation in check.

Until Ron Paul raised the issue at the national level, the Federal Reserve had been treated with lazy indifference.

Interviewed by host Alan Butler, Mark Thornton discusses Martin Wolf’s support for continued easy money policy, and also the latest push by t

Mark Thornton critiques Thomas Piketty’s recent bestseller, and explains why capitalism is not the problem, nor are taxation and redistributi

The European Central Bank is deeply concerned about deflation. And deflation paranoia is a convenient way to justify propping up southern Europe.