Money and Banks

Americans are saving very little money for emergencies. Unfortunately, central banks have been encouraging the same thing worldwide.

As another step toward greater use of negative interest rates, the abolition of cash will only lead to the destruction of wealth.

Rather than focus too much on lamenting politics and the state, we should be heartened by how far we've come — and go forward confidently.

Economists Stephen Cohen and Bradford DeLong are spouting an unfortunate amount of enthusiasm for Alexander Hamilton's corporatist economics.

An adoption of digital currencies by central banks could bring the next generation of central bankers more power than their predecessors imagined.

Frightened by an unstable economy and low returns, savers are saving even more and frustrating the plans of central bankers.

The US Dept. of Justice wants to extract billions in fines from Deutsche Bank. German taxpayers may then be on the hook for the inevitable bailout.

It is no secret that secret Swiss bank accounts are not so secret anymore, as political elites worldwide wage an all-out war against financial privacy.

Central banks have been on a bond-buying spree. This is good for governments deep in debt. But it is a risky and dangerous policy for the rest of us.

The bond sell-off of early September 2016 may turn out to be just another blip in the extraordinary bond bull market. But it is too early to tell.