Money and Banks

The Bank of England apparently wants to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit.

Here's how to tell the Austrian approach on money apart from the views of other schools of thought.

Deflation can never repair the damage of a prior inflation. It would be like running someone over with a car, and then trying to fix the situation by backing up over the person again.

The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.

Naturally, Fed chairmen claim they are never influenced by politicians who threaten them. But it would by naïve to take this at face value.

The Federal Reserve is not politically independent — and it never was.

The Fed's policy of price stability, as in the 1920s, may catch economists again unaware of the damage inflicted by this policy.

The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.

Why do central banks still hold so much gold if it's not money? Ronald Stöferle and Jeff Deist discuss why. 

It's important to remember that the government can engage in credit expansion through many ways other than directly inflating the money supply.