Money and Banking

Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.

It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.

The Federal Reserve has created a tsunami of new money, but a tsunami ultimately must crash, and so will the Fed's inflation scheme.

Central banks, and especially the Federal Reserve System, continue to churn up inflation and the boom-and-bust cycles—in the name of "stabilizing" the economy.

While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.

The US trade deficit is an American problem. It is the result of insufficient savings at home and a widening budget deficit. 

Justin Trudeau's heavy-handed measures against the protesting truck drivers are part of a greater war by progressives against capital markets and financial privacy. People will find ways to resist through decentralized finance.

The economic purpose of capital markets is to provide a nexus between savers and borrowers for the financing of productive investment, writes Robert Blumen.

Inflation erodes morals in creeping, insidious ways. It replaces social bonds with government controls.

With the Eurozone’s global systemically important banks geared up to 30x, rising bond yields of little more than a few percent could collapse the entire euro system.