Money and Banks

Displaying 71 - 80 of 1999

Global Monetary Failure is Becoming Inevitable

Global EconomyMoney and BanksMoney and Banking

Blog10/25/2019

Politicians, who claim that a week in politics is the long term, fail to see any problem.

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100% Banking and Its Advocates: A Brief History

Money and Banks

Blog10/23/2019

A return to a system of 100% bank reserves is anything but radical. It would be quite conservative, prudent, and sensible.

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The Mythology of the "Natural Interest Rate"

Money and BanksMoney and Banking

Blog10/14/2019

Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.

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The Return of Hyperinflation in Zimbabwe

Money and BanksInterventionismPrivate Property

Blog10/09/2019

As Zimbabwe's economy worsens, its government now insists residents start using easily-inflated local currency again. This is sowing the seed of another devastating episode of hyperinflation.

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Not-So-Modern Monetary Theory

Money and Banks

Blog10/08/2019

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

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Will the Drive to Devalue the Dollar Lead to a Plaza Accord 2.0?

Money and Banks

Some people — including Donald Trump — think the dollar is too strong, and many propose the creation of a new version of the Plaza Accord, i.e., a multilateral agreement that includes coordinated intervention in foreign exchange markets.

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The US Dollar Beast

Money and BanksMoney and Banking

Blog10/01/2019

Without a turn toward hard money, the odds are that the world’s dependence on the Greenback will not decline but presumably grow even more in the years to come.

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Central Bank "Stimulus" is Really a Huge Redistribution Scheme

The FedFinancial MarketsMoney and Banks

Blog09/28/2019

Central banks pretend all these benefits come at no cost to anyone. Unfortunately, we all ultimately pay the price. 

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Politicians Have It Backwards, China Has Decreased Its Manipulation of the Yuan. That's Why It's Depreciating.

Global EconomyMoney and BanksMoney and Banking

The depreciation of the yuan since 2014 is more of a response to market movements than a planned devaluation to gain competitiveness illegitimately.

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Do We Need More Savings Before We Can Have More Lending?

Money and BanksMoney and Banking

Blog09/26/2019

In a true market — i.e., without a central bank — banks are intermediaries of real savings in their lending activities, thus promoting genuine and real economic growth.

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