Money and Banking

As another step toward greater use of negative interest rates, the abolition of cash will only lead to the destruction of wealth.

It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.

The claims about a "moneyless" utopian village in India turn out to be false. No one with an understanding of economics should be surprised.

An adoption of digital currencies by central banks could bring the next generation of central bankers more power than their predecessors imagined.

The US Dept. of Justice wants to extract billions in fines from Deutsche Bank. German taxpayers may then be on the hook for the inevitable bailout.

Frightened by an unstable economy and low returns, savers are saving even more and frustrating the plans of central bankers.

It is no secret that secret Swiss bank accounts are not so secret anymore, as political elites worldwide wage an all-out war against financial privacy.

Central banks have been on a bond-buying spree. This is good for governments deep in debt. But it is a risky and dangerous policy for the rest of us.

With such low interest rates, shouldn't we be experiencing a boom? The problem is, a solid economy requires much more than just low interest rates.

Once the student loan bubble pops, many colleges — especially private ones — will be in deep trouble.