Understanding Fed Money Mechanics
An out of print (1991) publication of the Federal Reserve Bank of Chicago provides an excellent summary of Fed money mechanics.
Money and Banking
Displaying 981 - 990 of 1991
Skyscrapers & Cyber Security with Dr. Mark Thornton
I am interviewed on Power Trading Radio about the Skyscraper Curse and Cyber Security Issues—Biggest Bank Heist in History!
Why It Matters If the Dollar Is the Reserve Currency
Reserve currencies serve an important economic purpose. If the dollar loses its status as a reserve currency, the resulting adjustments will be painful for many. So, the global economy would benefit from a new US monetary policy devoted to a sound dollar.
Understanding True Credit and False Credit
True credit can only expand if the stock of real savings and real wealth expands. Unfortunately, fractional reserve banking and central banks facilitate the expansion of false credit which diverts resources from true wealth producing activities.
Five Steps to Fixing Greece’s Debt Problem
The Europeans have decided to limit funding and credit extended to the Greeks.
Five Steps to Fixing Greece’s Debt Problem
The Europeans have decided to limit funding and credit extended to the Greeks. This puts the Greek financial system under pressure, but there are free-market solutions that could set the Greeks on the path to a sound economy.
How Money Production Can Worsen Income Inequality
Money creation does not benefit equally. It creates a class of winners (those who get new money first) at the expense of losers (those who get new money later). Not surprisingly, an inflationary money supply increases the wealth and income gap in society.
Senate Republicans Bungle Their Interrogation of Janet Yellen
Janet Yellen testified before Congress this week, but the Senate Republicans, who claim to be the guardians of monetary sanity, failed to show any true understanding of monetary policy and the damage the Fed has inflicted.
Keep Calm and Call the IMF
A new deal with the International Monetary Fund is in the books for Ukraine.
Why the Austrian Understanding of Money and Banks Is So Important
Austrians today are nearly alone in asserting what the classical economists all knew. You cannot create prosperity by creating more money, but only through increases in technological progress, frugality, trade, and a division of labor.
