Money and Banking

The dollar will remain the world's reserve currency so long as other governments are happy to keep propping it up.

The global war on cash is remarkably well coordinated. The Anti-Cash Axis eyes Australia next.

The euro is already in deep trouble, and the less enthusiastic globalism likely to be offered by Trump will be another blow to the European project.

The best and only way to get rid of corruption is to get rid of the system.

There really are reasons to believe Trump will steer the Fed in a more hawkish direction.

There's a growing divergence between income growth in states with large financial centers — and the old "main street" economies.

As yield-starved investors look to longer-dated assets, the biggest risk facing financial markets may be the financial asset duration bubble.

Government spending — not the size of the deficit — is the real problem with government intervention in the economy.

Nearly 70 years ago, Ludwig von Mises explained the seemingly irrational hunger among capitalists for long-term government bonds.

In a move that surprised exactly no one, the Fed's Federal Open Market Committee yesterday announced it would take no action.