Money and Banks

Fannie Mae is helping ensure easy money flows to apartments. That means multifamily prices are heading skyward like asset prices overall.

The evolution from gold standard to gold exchange standard to the dollar fiat system is one based largely on deception and broken promises.

Bernanke’s initial moves to reverse QE were memorably beaten back by the so-called taper tantrum, so it's hard to see how the Fed will now proceed with aggressive QT.

Even if the Fed finally delivers the tapering and starts raising rates, it won’t get any further than it did back in the last anemic rate hike (2015–18) and tiny balance sheet shrinking (2017–19) cycles.

Fannie Mae is helping ensure easy money flows to apartments. That means multifamily prices are heading skyward like asset prices overall.

Monetary inflation results in a general rise in prices, often called "price inflation." But rising prices are not always "inflation." In any case, more government regs and subsidies won't help.

In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars.

Thanks to vast regulatory powers, regimes have many tools and many advantages in propping up fiat currencies when faced with competition from other currencies.

"I get the impression that these people … believe the threat of inflation pales in comparison to climate change and racial inequities."

Does free banking encourage fraud by tolerating fractional reserves? Here's a summary of the debate.