Dollar and Yuan Cash In on the Global Money-Printing Trend
As free-floating fiat money, the major currencies of the world are locked in a complex game of relative devaluation and manipulation.
As free-floating fiat money, the major currencies of the world are locked in a complex game of relative devaluation and manipulation.
The federal government is again trying to take free choice away from borrowers by imposing new regulations on short-term loans like payday lending.
Increasing the money supply leads to many negative effects that are not measured as price inflation in measures like the CPI.
Some inflation hawks are beginning to speak up at the Fed. But will they be enough to put the brakes on the current easy-money experiment?
The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.
Professor Herbener offers a primer on the Fed from an Austrian perspective.
Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.
With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.
There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.
It is impossible to isolate the "natural rate" and policies aimed at an unknown interest-rate target end up increasing instability.