Money and Banks

It is impossible to isolate the "natural rate" and policies aimed at an unknown interest-rate target end up increasing instability.

Do central banks have a plan? Do they know what they are doing? The BBC wonders, and Jeff Deist provides some of the answers.

People have a natural preference for having good things now instead of having them later. This is a problem for advocates of negative interest rates.

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.