Inflation Has Been Contained — But Not Because of a Liquidity Trap
When the Fed began paying interest on bank reserves, it kept a lid on inflation. But now there's no easy way out.
Money and Banking
Displaying 441 - 450 of 1977
Will the Data Tell Us When the Next Bust Is Due?
The trigger to boom-bust cycles is central bank monetary policies and not some mysterious factors we can only tease out of statistical data.
The True Money Supply Is Flashing Red
The suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust.
What Free-Banking Advocates Get Wrong
Free-banking systems may make bank runs less frequent, but do they prevent credit expansion, artificial booms, and economic recessions?
How Central Banks Stoke Stock Prices
There are two important ways through which the central bank and its effectively inflationary machinations influence stock prices.
Is Money Creation Fueling the Stock Market Surge?
In order then to have a general increase in prices, all other things being equal, there must be an increase first in the money supply.
What Is Optimal Monetary Policy, Anyway?
Economists usually sneak in their own value judgments when claiming they are for objectively "optimal" monetary policy.
Fake Women and Phony Interest Rates
Today's central-bank induced low, low interest rates are making massive debt look much more attractive than it should.
Should We Use Probability in Economics?
The numerical probability is only relevant in the sphere of non- economics where homogeneous cases are observed.
Is This Week’s Mini-Crash Just the Beginning?
The shaky stock market will shake investor confidence, and spells trouble for the future of the current boom.
