Money and Banks

Displaying 31 - 40 of 2085

We Can Have Low Interest Rates Or Robust Growth. But Not Both.

Money and Banks

Blog07/24/2021

You can have strong growth, or you can have negative interest rates with low bond yields. You can't have all at the same time. 

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Fiat Money Economies Are Built on Lies

Booms and BustsMoney and Banks

Blog07/20/2021

The public usually doesn't understand how fiat money expansion benefits the regime at their expense. The regime likes it that way. 

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The ECB's New Inflation Plan Is Like the Old Plan. But Worse.

Money and Banks

Blog07/17/2021

The ECB wants more price inflation, so it has unveiled a new plan to use new, radical monetary tools. It's all very similar to the "old" plan. Except the new plan is even worse. 

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The Phillips Curve Myth

Money and Banks

Blog07/08/2021

Those analysts that insist on following the Phillips curve in order to ascertain the future course of the momentum of prices of goods are deceiving themselves.

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Can the Dollar Survive Both Cryptocurrencies and China?

Money and Banks

The outcome of today's currency race is uncertain. The credibility of the leading fiat currencies has suffered substantially. Their instability has fueled crises and weakened growth, so the demand for an alternative store of value is high. 

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From Livestock to Bitcoin: "Legitimacy" and the Evolution of Money

Money and Banks

Blog07/07/2021

Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream. 

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Since When Is a Half-Point Rate Hike (2 Years from Now) "Hawkish"?

Money and Banks

Blog06/29/2021

The Fed says rate hikes are at least two years away. A lot can happen in two years, and since when is forecasting a couple rate bumps two years from now considered hawkish to the point of making the dollar pop and gold flop?

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Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle

Money and Banks

Blog06/23/2021

An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins. 

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How Fiat Money Changes Culture

Money and Banks

Blog06/23/2021

The creation and enforcement of fiat money enables larger and more centralized government. Large government programs become possible that were not possible or sustainable under a market-chosen, sound money standard. 

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Central Banks See No Way out of the Low Interest Rate Trap

Money and Banks

The last time a major central bank knowingly tried to end a low-rate policy regime occurred in Japan in the late 1980s. Since then, no central banker has wanted to repeat this unhappy experience.

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