Central Banks

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Monetary Competition: The Best Alternative to Razing Central Banks to the Ground

Central BanksMoney and Banking

Blog09/28/2021

"My preference would be that all state central banks would be shut down and razed to the ground, so that true money again could be produced by private firms. If not, at least the competition between national currencies should be as great as possible." –Murray Rothbard, 1993

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Economic Cannibalism Will Not Save Mexico, or Any Other Country

Central Banks

Blog05/29/2021

It seems absurd to have to point out that economic cannibalism, even in the face of a virus, cannot produce anything but devastation, but alas, we live in absurd times. 

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Gold Could Offer a Way out of Switzerland's Failing Inflationist Experiment

Central BanksWorld HistoryMoney and Banking

Blog02/06/2021

The Swiss state should end antigold regulations, end negative interest rates, and return to zero rates on bank reserves. These are small steps on their own, perhaps, but would be progress away from the brewing mess that is the eurozone.

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Monetary Inflation and Price Inflation

Central BanksInflation

Blog02/03/2021

Although it is important to recognize that massive price inflation is always the result of massive monetary inflation, there isn’t a stable relationship between the two.

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The ECB Is Playing a Dangerous Game with "Collective Action Clauses" on Bonds

Central BanksFinancial MarketsGlobal Economy

Blog01/29/2021

The ECB is now turning to a new mechanism by which a bond’s value can be legally reduced by the issuer in times of hardship. The purpose is to allow central banks and governments new ways of ripping off the private sector. 

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The Dollar's Reserve Currency Status Won't Last Forever

Central BanksGold StandardMoney and Banking

Blog01/28/2021

Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago. 

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Privacy, Power, Fiscal Policy, the Poor: Four Reasons to Worry about CBDCs

Central BanksMoney and Banks

Blog12/02/2020

Central bank digital currencies need to be centralized and manipulable to some extent in order to use them to implement monetary policy, which is central bankers' goal. This characteristic makes them a very risky proposition.

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Why Sound Money Is "Green" and Central Banks Aren't

Central BanksThe Environment

Although many central bankers have claimed the central banks are instrumental in ushering in a more green economy, a closer look suggests the opposite is true.

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