Money and Banking

Displaying 71 - 80 of 1943

Are Fractional Reserve Bank Deposits Money?

Money and BanksMoney and Banking

Blog06/26/2020

It is possible to conceive of a world where fractional reserve banking is understood by both banker and depositor and involves no deception or fraud. But in that world, deposits cease to be money and become complex credit securities.

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Why Central Banks Are a Threat to Our Savings

Money and Banking

Blog06/25/2020

Contrary to what many modern economists say, increased saving is not a problem for the economy. The real problem stems from declines in production and saving, and these often result from central banks' monetary policy.

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The Fallacy of the Equation of Exchange

Money and Banking

Blog06/17/2020

The assumption that an exchange presumes some sort of equality has been a delusion of economic theory since Aristotle.

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The ECB Has Been Hiding Risk. They Won't Be Able to Do It Much Longer.

Global EconomyTaxes and SpendingMoney and Banking

Blog05/18/2020

The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.

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Money Pumping Won’t Fix What’s Wrong with the Economy

Booms and BustsMoney and Banking

Blog05/02/2020

The current bust has been made worse by previous periods of easy money, which destroyed the wealth creation that is critical to sustaining a growing economy.

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The Fed Has Gone Nuts. And It Can Get Worse.

The FedTaxes and SpendingMoney and Banking

Blog04/27/2020

The new Fed policy proposals being floated carry significant political risk, because they enjoy support not just from the redistributionist left, but also “business conservatives” happy to raid our future to make their pain stop.

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The COVID-19 Crisis Is Driving the EU to the Brink

Big GovernmentGlobal EconomyMoney and Banking

Blog04/25/2020

As the debt bombs in Italy and Spain and France get worse, it increasingly looks like the eurozone will have to bail out a huge portion of the European economy. Either that, or break up the EU, provoking a new crisis.

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Central Banks and the Next Crisis: From Deflation to Stagflation

Global EconomyMoney and BanksMoney and Banking

Blog04/22/2020

When governments and central banks announce massive stimulus packages at the very beginning of a crisis, they bet on a speedy recovery and a return to normal as if nothing had happened. This is far from the case.

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The Fed Is Running Out of Bubbles to Create

Booms and BustsMoney and BanksMoney and Banking

Blog04/03/2020

With each passing recession, the Fed finds it harder to refuel the last bubble, but the market moves on to the new bubble as the Fed keeps interest rates artificially low.

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Why the World Has a Dollar Shortage, Despite Massive Fed Action

The FedGlobal EconomyMoney and Banking

Blog03/31/2020

Can the US dollar lose its global reserve position? Sure it can, but not to a country that decides to commit the same monetary follies as the Fed. Most countries are trying to out-inflate the Fed. And that's good for the Fed.

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