Can Technology Prevent a Recession?
Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.
Money and Banking
Displaying 661 - 670 of 1995
German Inflation Anxiety Could Bring an Election Shock in 2017
With German elections approaching, Germans may grow tired of monetary instability forced on them for the sake of saving the Italian economy.
The Money Myths Behind the Creation of the Federal Reserve
Roger Lowenstein's new book on the Federal Reserve relies on some well-worn myths about the monetary history of the United States.
Why Fractional-Reserve Banking Would Be Limited in an Unhampered Market
In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."
The Fed Needs Competition, Not Rules
If a monetary rule like the Taylor Rule is not a solution to the problem of the Fed, what is? Competition.
An Analysis on the Relationship between Hoarding, Investment and Economic Growth
I argue that hoarding implies a longer period of time between when resources are saved and when new consumer goods reach the market (economic growth).
Dollar Retreats from Highs as FOMC Stays Skittish
The Fed keeps hinting that it plans to raise the target rate more than once this year. But, the Fed's level of confidence is near zero.
Top Five Monetary Policy Issues To Watch In 2017
Here are the five most important issues to keep an eye on in 2017.
The Case Against Fed Reform
Congress seems set to reform the Fed, but what we really need is Fed competition.
What Is This “Neutral” Interest Rate Touted by the Fed?
The Fed says it can use a "neutral interest rate" to set policy. But, Fed economists don't understand how the neutral rate works.
