Money and Banks

If the US dollar begins to return to monetary sanity — for now — other currencies will face grave threats to their monetary status quo.

Even without ending the Fed, there are several steps that the Trump administration can take toward improving monetary policy.

Easy-money policies destroys wealth and lead to unemployment. When money creation is limited, wealth and employment expand.

Michael Pence seems to be under the mistaken impression that the United States has an unregulated free market economy.

Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.

When inflation is seen as a general increase in prices, then anything that contributes to price increases is called inflationary.

Steve Mnuchin has said little publicly, but his resume does seem to contrast sharply with Trump's populist campaign.

Inflation has increased costs for the makers of the Toblerone chocolate bar. In response, they have changed the bar and outraged some customers.

When it comes to understanding how money works, recent attempts to re-define money to fit new economics models miss the point.

American chain banks have become just glorified ATM machines. But there is a model of banking that offers something quite different.