Money and Banks

The eminent position of the American dollar in world trade and finance undoubtedly justifies a modest trade deficit, writes Hans Sennholz. But not one this large.

 If a corporation were to engage in the deceit that is the government's daily business, the SEC would intervene with severity, says Hans Sennholz

Some economists say measuring inflation is as easy as checking a thermometer. Gene Callahan debunks this view.

30 years after Nixon closed the gold window, it's time to make the dollar convertible again, argues Greg Kaza.

The New Scientist tries its hand at economic theory, and makes an awful mess of it. Callahan and Murphy explain where the piece goes wrong. 

Technology is great, but it can't alter the nature and function of money, and it can't create a money out of thin air, argues Frank Shostak.

With its latest move to boost interest rates, the Fed is again clouding its role as the sole source of economy-wide price increases.

Frank Shostak rebuts the claim that markets are driven to unsustainable highs by waves of investor enthusiasm. Actually, the Fed itself is the real culprit.

Fifteen years ago, Murray N. Rothbard wrote a piece on the most prevalent economic errors of that time. What are the great economic errors alive today?

It's not the high costs to the bank that explain why fast cash is pricey. These fees are simply a market price for a service that is highly in demand.