Money and Banking

The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.

Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.

There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.

With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.

It is impossible to isolate the "natural rate" and policies aimed at an unknown interest-rate target end up increasing instability.

Do central banks have a plan? Do they know what they are doing? The BBC wonders, and Jeff Deist provides some of the answers.

As in much of the globe, central bankers in Britain are quickly replacing elected politicians as the most visible and powerful public officials.

People have a natural preference for having good things now instead of having them later. This is a problem for advocates of negative interest rates.

We are less than a month away from the election and it can not be over soon enough.

Americans are saving very little money for emergencies. Unfortunately, central banks have been encouraging the same thing worldwide.