On the Coinage
Translation of the appendix to Juan de Mariana's most libertarian book De rege et regis institutione.
Translation of the appendix to Juan de Mariana's most libertarian book De rege et regis institutione.
This an engaging and intriguing account of how global currencies, such as British sterling and the U.S. dollar, have risen to global dominance in the international monetary arena, and how currencies such as the Chinese renminbi could follow in their footsteps.
The dangerous political and financial actions of the Continental Congress looks like the modern-day Fed on steroids.
Our inflationary financial system benefits the wealthy at the expense of the poor.
Keynes believed that all economic problems could be overcome with global inflation. This would bring about a new utopian age in which only social and scientific problems would remain.
Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.
The Bolívar’s collapse is rather tragic, considering the Bolívar was actually one of Latin Americas’ strongest currencies during Venezuela’s peak from the 1950s to 1970s.
Eurozone banks are better off than they were three years ago. But they are nowhere close to having solved their challenges.
Recessions emerge when the central bank reverses its loose monetary stance. But the seeds of recession were sown earlier by private lending practices that grew out of central-bank money creation.
The only way to end the booms and busts brought by inflationary credit is to eliminate the central bank's counterfeiting that constitutes and creates that inflation.