Obama Administration’s Bank Regulation Still Widening Gap Between Rich and Poor
Few presidencies have ever done more to widen the gap between rich and poor than Barack Obama.
Money and Banks
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Price Inflation Is Not the Worst Part of Easy Money Policy
The uneven distribution of new money causes bubbles, all the while also driving asset price inflation.
In Fed We Trust
At this point, does anyone believe the Fed is willing to do anything that might really spook markets?
The Latest Innovation in Inflation Targeting
The two-percent inflation goal is now being modified to allow for even higher inflation goals in the short term.
Low Interest Rates Subsidize Wealthy Households
Wealthier households are often able to benefit more from low interest rates than can lower-income households.
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.
