Low Interest Rates Subsidize Wealthy Households
Wealthier households are often able to benefit more from low interest rates than can lower-income households.
Money and Banks
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The Next Generation of Currency Wars: Private vs. State-backed Crypto
The revolutionary nature of cryptocurrency is at risk as governments around the world aim to co-opt it.
Gas Station Hold-Up: Thieves Seize $59,000
In America, a person convicted of no crime is often deprived of all his money assets, in many cases resulting in the destruction of his business.
What a Gold-Backed Yuan and Cryptocurrencies May Mean for the Dollar
China has wanted to unshackle itself from the dollar for a long time and now they’re giving yuan-denominated gold contracts a third try.
Krugman and the “Heroic” Fed
If Krugman had his way, government agencies would have unlimited powers to control the economy, since government agents know better than everyone else.
Seeking More QE for Japan — Abe Calls Snap Election
The Bank of Japan is even more committed than the Fed is to continued QE and easy money.
Gary Cohn is Concerned about Wall Street Clearinghouses – Blockchain is Already Fixing it
Helping de-escalate the risk of third party exchanges is, of course, simply one of the many potential applications for blockchain.
Can a Modern Central Bank Still Be a “Banker’s Bank”?
The culture of central banking has ventured so far from a culture of restraint that it's unlikely anything but abolition will now fix matters.
How Much Do Central Banks Cost Us?
Anti-gold advocates claim that precious metals are wasteful. This is hardly convincing when we look at the fat budgets and payrolls of central banks.
In a Cashless World, You’d Better Pray the Power Never Goes Out
Getting rid of physical cash only makes an economy more fragile.
