Money and Banks

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Ryan McMaken

With growth now falling near or below negative 10 percent for the second month in a row, money-supply contraction is the largest we've seen since the Great Depression. 

Stephen Apolito

How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

Ryan McMaken

What happens next will depend heavily on what the regime will feel is necessary to buoy public support for the regime and its current ruling party. 

Douglas French

As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.

Daniel Lacalle

2022 was a warning sign that debunked the myth of eternal monetization of debt with low inflation. It is time to be serious. High deficit spending is not a tool for growth, but a tool for cronyism and a burden on the future.

Steven Cinelli

With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.