Money and Banks

In order to remove the threat of secular stagnation what is required is to shrink government outlays and to close all the loopholes for the creation of money out of thin air.

Judy Shelton may be a tolerable—at least to Republicans—candidate for the Federal Reserve Board of Governors.

Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.

The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.

If the small sample size of monetary history is any guide, the combination of asset market crashes and high goods inflation empowers sound money forces in the political arena. At the moment, neither of those factors are in play.

The US's enthusiasm for sanctions means Europe is learning the price of doing business with the United States and with the dollar.  They're now developing new ways to work around the the US-dominated financial system.

Sweden launched its failed negative rate plan almost five years ago and now reverses it due to the financial risks that are created.

Even if the central bank policymakers could implement policies without error, Milton Friedman’s and Robert Lucas’s monetary schemes could not secure stable economic growth.

Dr. Bob Murphy introduces an upcoming e-book on the mechanics of the Fed.

The mainstream National Bureau of Economic Research definition of recessions is of little value. Real saving, not consumer demand, is the real driver behind economic growth.