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Money and BanksMoney and Banking
It's true that the Fed doesn't directly set a target for money creation. But by setting interest-rate targets, the Fed adopts a de facto policy of money creation.
Global EconomyInterventionismMoney and Banking
Has China blown the biggest credit bubble in history?
Creating money out of thin air always sets the boom-bust cycle in motion, even when there's an increase in the demand for money.
Money and BanksMonetary TheoryMoney and Banking
The history of shadow banking development confirms Mises’s thesis that each government intervention leads to unintended consequences.
Money and BanksU.S. HistoryMoney 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.
Money and BanksWorld HistoryMoney and Banking
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.
