Money and Banking

Displaying 41 - 50 of 1925

The Dollar's Reserve Currency Status Won't Last Forever

Central BanksGold StandardMoney and Banking

Blog01/28/2021

Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago. 

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Understanding the Roots and Causes of Inflation

Money and Banking

Blog01/26/2021

The gold standard has one tremendous virtue: the quantity of money under the gold standard is independent of the policies of governments and political parties.  It is a form of protection against spendthrift governments.

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Low Rates and Limited Liability Mean Hot Markets

Money and Banking

Blog01/12/2021

The taxpayer is backstopping more credit risk than ever. The Post reported that nearly 30 percent of the loans Fannie Mae guaranteed were to borrowers whose house payment exceeded half of their monthly income, up from 14 percent in 2016. 

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Fiscal Stimulus vs. Economic Growth

Money and Banking

Blog01/11/2021

We're told more government spending will get the economy back on track. But increasing government spending weaken the process of wealth creation. 

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This Time Is Not Different: More Debt, Less Growth

Money and Banking

Blog01/11/2021

There is only one way to strengthen the recovery: To reduce structural imbalances by regaining budgetary sanity and implementing serious measures to attract capital. To fall back into propagandistic optimism would be a mistake.

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Why Mainstream Economic Forecasts Are So Often Wrong

Money and BankingPhilosophy and Methodology

Blog01/08/2021

Thanks to politics, confirmation bias, and bad monetary economics, central banks have a lousy record when it comes to economic forecasts. 

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Why the 2020s Won't Be like the Roaring 20s

World HistoryMoney and Banking

Blog01/04/2021

The 1920s featured political détente, debt liquidations by prior consumer price inflation, an introductory stalling of monetary inflation, a German economic miracle, and a broad-based technological revolution. The 2020s have none of these. 

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The ECB’s Latest Big Mistake

Money and Banking

Blog12/31/2020

The worst excuse of all is that “there is no inflation.” It’s like driving a car at 300 miles an hour on the highway, looking in the rearview mirror and saying, “we haven’t killed ourselves yet, accelerate.”

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The Disaster of Bretton Woods vs. a Real Gold Standard

Book ReviewsMoney and Banking

Blog12/30/2020

The French economist Jacques Rueff was the foremost opponent in the twentieth century of the gold exchange standard.  He well described how the Bretton Woods enabled the US government to engage in seemingly endless deficit spending. 

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Why the Corporate Paradox of Thrift Isn't Really a Problem

Money and BanksMoney and Banking

Blog12/29/2020

Corporate cost cutting sets the stage for future gains in profitability and productivity, and there is no resulting "paradox of thrift" requiring easy money policies to "fix" the problem. 

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