The Bank of England Made Liz Truss a Scapegoat
The only lesson for the United Kingdom is to remember that if you follow Greece’s economic policies, you get Greek debt, unemployment, and growth.
Money and Banking
Displaying 81 - 90 of 2003
Ben Bernanke’s Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started
Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.
Money: Its Importance, Origins, and Operations
Murray Rothbard explains money in his book The Mystery of Banking. The purchasing power of the dollar varies inversely with the supply of dollars, and directly with the demand.
Thomas Paine on Paper Money
"Most of the advocates for tender laws are those who have debts to discharge, and who take refuge in such a law, to violate their contracts and cheat their creditors."
Who Owns Federal Reserve Losses and How Will They Impact Monetary Policy?
The Fed is losing a lot of money. The Fed's stated plan is to monetize these losses and still report a positive capital and surplus position through the use of “creative accounting.”
The Fed Is Winging It: A 75 Basis Point Hike “Seemed like the Right Thing”
When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say "we'll know when we get there."
On the Digital Future of Markets and Money
Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.
Roots of Our Current Inflation: A Deeply Flawed Monetary System
It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.
