Purchasing Power and the Exchange Rate
The key factor behind the rate-of-exchange determination is the relative purchasing power of various monies.
Money and Banking
Displaying 371 - 380 of 2003
The Fed’s Easy-Money Policies Aren’t Helping Income Growth
The Fed's policies over the past decade have resulted in a rapidly widening wealth and income inequality.
Jacksonians, Banking, and Economic Theory: A Reinterpretation
The traditional interpretation of the effects of Andrew Jackson's opposition to the central bank suffers from faulty economy theory.
Can Seasonal Adjustments Help Us Understand the Economy?
All the sophisticated quantitative methods by themselves can't help us understand the cause-and-effect of what's behind the boom-and-bust cycle.
Transparency or Deception: What the Fed Was Saying in 2007
What the Fed was saying in 2007 suggests the central bank was practicing either deception, incompetence, or a combination of both.
China’s Yuan Devaluation Is a Big Mistake
China’s stealth devaluation is not making the country more competitive, it is making household and corporate debt riskier as the purchasing power of the yuan is diminished.
Bitcoin, the Regression Theorem, and the Emergence of a New Medium of Exchange
What is the direct-use value of bitcoin? And does it have any?
The Fed Is Flying Blind
In its blind search for the "correct" interest-rate policy, the Fed can't succeed in extending the boom indefinitely.
GDP Growth Is Not the Same Thing as Real Economic Growth
A strong GDP growth rate, in most cases, is likely to be associated with the intensive squandering of the pool of real wealth.
Why No Crisis Erupts When Real Saving Backs Up New Investment
Expansions in credit and investment are only a problem when they result from inflationary monetary policy, and not from real saving.
