Money and Banking

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Why Europe's Left Wants a European Financial Superstate

Global EconomyMoney and Banking

Blog03/08/2021

If Europe wants to build wealth for its poorest members, it needs private entrepreneurship. But entrepreneurs need exactly the opposite of the Keynesian plan for building a European superstate. 

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The Fed's Money Supply Measures: The Good News—and the Really, Really Bad News

Money and Banking

Blog03/06/2021

Here's a likely reason the Fed has chosen to hide its data on government deposits: the explosion of Treasury deposits at the fed “fuels … suggestions that the Fed is directly financing the government [and] foster[s] uncertainty about central bank independence.”

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To Understand Economics, First Understand Private Property

World HistoryMoney and Banking

Blog03/06/2021

Rothbard recognized that money and exchange could not develop without first establishing private property. So Rothbard also recognized that it was important to develope theories of how private property might come about. 

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Is Money a Creation of Government?

Money and Banking

Blog03/04/2021

Using the Mises’s regression theorem, we can infer that it is not possible that money could have emerged because of a government decree as suggested by the modern monetary theory (MMT).

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When I Toured East Berlin with Murray Rothbard

Money and Banking

Blog03/03/2021

Murray Rothbard didn’t need to explain to me on the bus why East Berlin, the so-called Paris of Eastern Europe, was a broken-down dump. He already had explained it to me in his numerous writings.

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Stagflation Cometh

Money and Banking

Blog03/01/2021

As the money supply has skyrocketed, money has flooded into stocks, bonds, single-family housing, and crypto. But this doesn't translate into general prosperity for the countless unemployed and underemployed who face rising prices. 

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The Dangers Lurking behind a Digital Euro

Money and Banking

Blog02/26/2021

As soon as cash has been pushed back or stripped away entirely, monetary policymakers can implement an uninhibited negative interest rate policy to devalue debt. Customers can no longer get out of the “bank balance sheet”; the final escape door is then locked. 

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Japan's Well-Fed Zombie Corporations

Money and Banking

A growing number of fragile and deeply indebted enterprises have become more dependent on government bailouts, loans, subsidies, short-time working benefits, and loans from central banks. 

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No, Drops in Money Velocity Don't Offset Money Printing

InflationMoney and BankingOther Schools of Thought

Blog02/23/2021

According to popular thinking, the sharp decline in money velocity since June 2008 is likely to neutralize recent strong money supply increases’ effect on price inflation ahead. This is a fallacy.

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China Needs More Economic Freedom—Not a Bigger Welfare State

Global EconomyMoney and Banking

Blog02/18/2021

Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. 

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