Money and Banking

The Fed has realized it is in need of damage control when it comes to its reputation among much of the American public.

Utah has declared any gold and silver coins issued by the US government as legal tender in the state — and free from any taxation.

Pension funds, savings accounts, and insurance funds — all essential middle class tools for savings — are seeing their yields dry up.

Many criticisms directed against socialism are weak sauce compared to the penetrating and rigorous arguments developed by Ludwig von Mises.

The dollar's last tie to gold was severed 45 years ago. Gold had always been an inconvenience for governments looking for more debt and spending.

Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors.

With central banks falling into step in a seemingly inexorable race toward negative interest rates, this could point to bigger problems on the horizon.

It is a time of fiscal hedonism, engineered and encouraged by governments and their central banks, and sold to us as banal public policy and tinkering.

When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).

Government is not a wealth-creating entity, and more stimulus will not help the economy. In fact, more stimulus will hurt the wealth creation process.