The Monetary Base Never Returned to “Normal” After the Great Recession
M1 and the monetary base are almost equal at this time, but this is unprecedented in modern monetary history, as usually the monetary base is a fraction of M1.
Money and Banking
Displaying 351 - 360 of 2004
On the Coinage
Translation of the appendix to Juan de Mariana's most libertarian book De rege et regis institutione.
Review: How Global Currencies Work: Past, Present, and Future
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.
Not Worth a Continental
The dangerous political and financial actions of the Continental Congress looks like the modern-day Fed on steroids.
Richard Cantillon, the Most Important Economist You’ve Never Heard Of
Our inflationary financial system benefits the wealthy at the expense of the poor.
Keynesianism and World Inflation
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.
The Myth of the Neutral Interest Rate
Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.
A History of Venezuelan Inflation
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.
The Eurozone Banks’ Trillion-Euro Time Bomb
Eurozone banks are better off than they were three years ago. But they are nowhere close to having solved their challenges.
How Private Banks Create Bubbles — with the Help of Central Banks
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.
