Money Pumping Works — Until It Doesn’t
Neither the Fed nor the government can grow the economy. They can only redistribute real wealth.
Money and Banking
Displaying 461 - 470 of 2003
Why Understanding Inflation Is So Important
Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation.
The End of Cheap Debt Will Bring a Wave of Bankruptcies
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
The Monetary Breakdown of the West
In March 1968, a crisis of confidence in the dollar on the free gold markets led the United States to effect a fundamental change in the monetary system.
Chief Powell Is Walking a Monetary Tightrope Blind
The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom.
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.
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.
