How Governments Seized Control of Money
It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it.
Money and Banks
Displaying 571 - 580 of 2792
Price Deflation and the Horrors of Falling TV Prices
Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.
The Bank of Canada’s Failed Mission to “Preserve the Value of Money”
The Bank of Canada's stated mission is "to preserve the value of money by keeping inflation low and stable." Yet, the BOC works to inflate away the value of Canadians' purchasing power every single day.
We’re All Talking about Inflation, but Deflation May Also Be on the Way
When prices fall as a result of rising wealth that's good news. But deflation is also good news when it follows the bursting of a financial bubble caused by money creation.
Those Pushing Monetary Stimulus Are Misled by Japan’s Low Price Inflation
Easy-money advocates who look to Japan as the model have not understood the fundamental reasons why inflation in Japan remained feeble during three decades of dismal economic performance.
The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
The huge amounts of monetary inflation of 2020 have indeed been translated into price inflation in 2021. Yet with the Fed now poised to slow things down, we might find asset inflation could suddenly go into reverse.
Understanding Money Mechanics
This book provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school...
Joe Weisenthal Thinks Debasing the Dollar Is the Moral Thing to Do
In one recent thread, Weisenthal mocked the people worried about the falling purchasing power of the US dollar, and claimed that it would be immoral for currency to maintain its value over time.
Money Supply Growth Is Slowing—That Points to a Slowing Economy
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth.
Bitcoin Isn’t Any More Dangerous than the Euro
It's a bit rich that European central bankers are decrying the alleged risks and dangers of bitcoin. After all, the euro currency poses many destabilizing dangers and risks of its own for the European economy.
