Money and Banking
The Blessing of a Strong Currency
To hear some commentators talk, one would think that America's trade-deficit woes would be miraculously erased with a swift devaluation.
Bailing Out Banks Is Inflationary
The Transition to Monetary Freedom
Any attempt at restoring monetary freedom must be part of a comprehensive plan to roll back government.
Will Currency Devaluation Fix the Eurozone?
A policy of currency devaluation can only make things much worse.
The Fed’s Quasi-Fiscal Policies
Currency Wars
It is not just rockets and bombs that are fired; war is raged on the economic front, with currency manipulation as the primary weapon.
The Myth of Free Banking in Scotland
Scottish banks were not free (they too pyramided on the Bank of England) and, not surprisingly, they worked no better than the English banks.
The Risk of Sovereign Debt
Events have concretely demonstrated that the risk expectations on Greek debt should be reset higher.