Money and Banking
Displaying 991 - 1000 of 2006
Hazlitt and the Oil Bust
The weak dollar was a subsidy for the oil industry, but as Hazlitt noted, they make “the industries in which we are comparatively inefficient larger, and the industries in which we are comparatively efficient smaller.”
Joseph Salerno Interviewed on Gold Standard, Fiat Money
Joseph Salerno Interviewed on Gold Standard, Fiat Money...
Sub-Zero Interest Rates as an Endless Daylight Saving Time
Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it back.
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.
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.
