Money and Banking

Even without ending the Fed, there are several steps that the Trump administration can take toward improving monetary policy.

Easy-money policies destroys wealth and lead to unemployment. When money creation is limited, wealth and employment expand.

Michael Pence seems to be under the mistaken impression that the United States has an unregulated free market economy.

Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.

When inflation is seen as a general increase in prices, then anything that contributes to price increases is called inflationary.

Inflation has increased costs for the makers of the Toblerone chocolate bar. In response, they have changed the bar and outraged some customers.

Steve Mnuchin has said little publicly, but his resume does seem to contrast sharply with Trump's populist campaign.

American chain banks have become just glorified ATM machines. But there is a model of banking that offers something quite different.

The Fed's policies continue to cripple the middle class while favoring those few who benefit from the Fed's inflationary policies.

King merits praise for coming close, in his own way, to many Austrian insights, but in the end he continues the problem of central banking control.