How Central Banking Increased Inequality
Focusing almost exclusively on consumer price inflation, economists have overlooked the redistributive effects of money creation through other channels.
Money and Banking
Displaying 581 - 590 of 2008
Central Banks Are Hiding the True Price of Risk
Risk premiums determined in an unhampered market align the interests of savers and investors. When central banks interfere with this, trouble results.
China: A Keynesian Monster
The the Chinese economy is a Keynesian jobs project of outrageous scale.
Is Money Created by Government Decree?
Today’s demand for money is determined by yesterday’s purchasing power of money.
Money Supply Growth Falls Again, Dropping to 105-Month Low
The last time the money supply grew at a smaller rate was during September 2008
Here’s the True Definition of a Recession — It’s Not About GDP
Recessions are the liquidation of a boom that sprang up thanks to a previous period of loose monetary policy.
Why Wage Growth Is So Weak
As central banks enable the creation of money out of thin air, wealth creation has suffered, as has worker productivity.
Today Janet Yellen Explained (Yet Again) Why Interest Rates Should Stay Low
Today, Janet Yellen struck a dovish tone with Congress, saying that the Fed's target interest rate is not really that low after all.
Bank of Canada Raises Rates for First Time in 7 Years
It may be minor, but this week's rate hike should be just high enough so the Bank of Canada can cut them again when things start to get tough.
On Borrowed Time
Those of us who are hostile to central planning are doubly hostile to governmental interference in the price mechanism — the policies of QE and ZIRP.
