Myths Behind the War on Cash
The social advantages of eliminating physical cash are minimal, and economists tend to ignore the many costs that a cash ban would create.
The social advantages of eliminating physical cash are minimal, and economists tend to ignore the many costs that a cash ban would create.
It's becoming increasingly clear the Bank of England is sticking to an uncomfortably aggressive quantitative easing program.
The empirical evidence is clear: the Fed is pursuing an expansionist monetary policy — and the economic benefits have been disappointing at best.
Once the Super-Bubble pops, we will see what people demand as the ultimate means of payment: gold or cyber units, or both.
Mario Draghi has many warnings for us about the next crisis, but he fails to note that the artificial creation of money is always behind those crises.
The ECB prefers to do what all central banks did just before the 2009 great recession: blame inflation on rising food and energy prices.