Money and Banking

Displaying 71 - 80 of 1988

Stagflation Cometh

Money and Banking

Blog03/01/2021

As the money supply has skyrocketed, money has flooded into stocks, bonds, single-family housing, and crypto. But this doesn't translate into general prosperity for the countless unemployed and underemployed who face rising prices. 

Read More

The Dangers Lurking behind a Digital Euro

Money and Banking

Blog02/26/2021

As soon as cash has been pushed back or stripped away entirely, monetary policymakers can implement an uninhibited negative interest rate policy to devalue debt. Customers can no longer get out of the “bank balance sheet”; the final escape door is then locked. 

Read More

Japan's Well-Fed Zombie Corporations

Money and Banking

A growing number of fragile and deeply indebted enterprises have become more dependent on government bailouts, loans, subsidies, short-time working benefits, and loans from central banks. 

Read More

No, Drops in Money Velocity Don't Offset Money Printing

InflationMoney and BankingOther Schools of Thought

Blog02/23/2021

According to popular thinking, the sharp decline in money velocity since June 2008 is likely to neutralize recent strong money supply increases’ effect on price inflation ahead. This is a fallacy.

Read More

China Needs More Economic Freedom—Not a Bigger Welfare State

Global EconomyMoney and Banking

Blog02/18/2021

Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. 

Read More

Money, Interest, and the Business Cycle

Money and Banking

Blog02/17/2021

"I am not against bank notes as such … I want to give everybody the right to issue his own banknotes. The problem then would be to get other men to accept such private banknotes; maybe nobody will take them."

Read More

Technology Alone Won't End Poverty. We Need Savings First.

Money and BankingProduction Theory

Blog02/16/2021

Regardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, expansion in economic growth is not going to emerge.

Read More

Why Hazlitt Opposed the Bretton Woods System

U.S. HistoryGold StandardMoney and Banking

That Bretton Woods was called a gold standard was an exercise in obfuscation. It happened for the same reason that NAFTA was called free trade. The state has long used the language of the market economy as a plow to push through its opposite.

Read More

Gold Could Offer a Way out of Switzerland's Failing Inflationist Experiment

Central BanksWorld HistoryMoney and Banking

Blog02/06/2021

The Swiss state should end antigold regulations, end negative interest rates, and return to zero rates on bank reserves. These are small steps on their own, perhaps, but would be progress away from the brewing mess that is the eurozone.

Read More

There Is No "Optimum" Growth Rate for the Money Supply

Money and Banking

Blog02/01/2021

Since the present monetary system is fundamentally unstable, there cannot be a "correct" money supply growth rate. The present monetary system emerged because money creation was politically necessary to sustain the fractional reserve banking system. 

Read More