Central Banks

Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation?

Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.

Mark looks at the impact of hyperinflation in Zimbabwe, where the government's monetary policy is manifesting itself in some interesting ways.

Ryan and Tho talk about last week's banking panic.

With negative growth now dipping below –5 percent, money-supply contraction is approaching the biggest declines we've seen in the past thirty-five years.

Can national treasuries essentially adopt a permanent wartime footing and print far more money without consequence?

Is the dollar now unbound, as the dominant political tool of the dominant nation? Jeff and Bob take a look at how strong the US dollar really is. 

For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.

The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

Considering the bond yields have only risen slightly, and that monetary overhang from covid is still huge, it’s difficult to be remotely confident that monetary conditions have been tight.