Money and Banking

Some economists say measuring inflation is as easy as checking a thermometer. Gene Callahan debunks this view.

Hans Sennholz issues of note of caution: fundamental maladjustments mar unprecedented growth of the US economy.

Brookings economists are fixated on finding the proper rate of unemployment and inflation. But their very model is wrong-headed, says Frank Shostak.

Technology is great, but it can't alter the nature and function of money, and it can't create a money out of thin air, argues Frank Shostak.

With its latest move to boost interest rates, the Fed is again clouding its role as the sole source of economy-wide price increases.

Fifteen years ago, Murray N. Rothbard wrote a piece on the most prevalent economic errors of that time. What are the great economic errors alive today?

The Prime Minister's statist, inflationist program isn't saving the country; it is preparing the way for yet another crash. 

As regular banks decline in financial importance, some economists have wrongly said that non-banks have become engines of inflationary credit.

Does Alan Greenspan have a theory or is he just winging it? (Commentary by James Grant) 

Central bankers mistake the cause for the cure. (Essay by Jeffrey Herbener)