Money and Banks

Government, tech, and banks all have a common interest in moving consumers and taxpayers toward the abolition of physical cash. 

Kevin Dowd explains how policies like negative interest rates not only reflect bad economic thinking, but also pose a danger to the civil liberties.

Recessions grow out of government and central-bank interventions that direct resources away from true wealth generating activities — and toward bubble activities.

Everything is dandy if borrowers make their payments on their increasingly unaffordable homes. But will unemployment remain low forever?

Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation. 

Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.

Special powers to inflate the money supply — granted by the state — make banking unlike other private industries. 

The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom. 

The suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust.