Money and Banking

It is unfortunate that a scholar as careful as Robert Skidelsky has chosen to downplay the historical reality of the failure of central banking.

Restrained by both ideology and public sentiment, central banks were once kept from the sort of antics they now regularly indulge in.

Today the world's oldest central bank turns 350. In a just world, this anniversary would instead be an opportunity to end this monstrous experiment.

To build wealth, we must first build capital and greater productivity. And that depends on savings.

Scott Sumner's Market Monetarist framework is seductively simple, but relies on a definitional trick.

This timeless insight was already suggested by economist Ludwig von Mises in 1940.

When interest rates increase in the future, busts and losses for banks will follow.

The relevancy of Mises’ analysis to today’s monetary and financial situation.

Europe must identify ways to limit their dependence on the US financial system – or else indeed be reduced to de facto-vassal status to DC.

Contrary to what the Keynesians will say, a stronger yen could be good for Japan.