Monetary Policy

While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.

The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.

The Keynesian prescription for an economic downturn is for government to increase spending to improve so-called aggregate demand. In reality, this is a recipe for worsening the recession.

The latest rage in macroceonomics is modern monetary theory, whose adherents invariably resort to the motte-and-bailey fallacy. Advocating inflation is never a good idea.

As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.

Argentina is one of the world's poster children for hyperinflation. Unfortunately, monetary reforms aren't working because the authorities are not serious about having a sound currency.

While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.

Although the Bank of England is largely responsible for inflation in the UK, its leaders blame British consumers and workers for the price increases.

This episode of Good Money with Tho Bishop features guest Ryan Griggs of Griggs Capital Strategies.

Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.