Money and Banks

Displaying 81 - 90 of 2123

The Upside of Lockdowns: More Saving

Money and BanksOther Schools of ThoughtProduction Theory

Blog01/14/2021

Rothbard: "At the outset of every step forward on the road to a more plentiful existence is saving….Without saving and capital accumulation there could not be any striving toward nonmaterial ends."

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The Yellen-Akerlof Connection Isn't Good News for the Treasury

Money and Banks

Blog01/08/2021

Phishing for Phools provides confusion, and few benefits that go beyond age-old warnings to “be careful, someone might try to take advantage of you.” Many consumer advocates offer far more practical help.

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National Currencies' Tragic Race to the Bottom

Money and Banks

Blog01/04/2021

The dollar has benefited mightily from the abandonment of commodity money, the Bretton Woods system, and the rise of competing fiat currencies. This is partly why the dollar has come to dominate international trade. 

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The Result of "Too Much Money": Asset Price Inflation and Inequality

Money and Banks

Blog12/31/2020

While it took the Federal Reserve almost six years to create 3.5 trillion in new US dollar liquidity after 2008, this time around, it took only ten months to unleash a monetary tsunami of $3 trillion, with the projection of at least another $1.8 trillion next year.

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Larry Summers Reminds Us That Federal "Stimulus" Mostly Exists to Help Wall Street

Money and Banks

Blog12/30/2020

For people who remain mystified as to how populists like Donald Trump get elected, they need not look much further than this. 

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Why the Corporate Paradox of Thrift Isn't Really a Problem

Money and BanksMoney and Banking

Blog12/29/2020

Corporate cost cutting sets the stage for future gains in profitability and productivity, and there is no resulting "paradox of thrift" requiring easy money policies to "fix" the problem. 

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25 Years Later: What the Euro Has Become

Money and BanksWorld History

Blog12/18/2020

The euro is moving further away from the original German idea of the common currency. Instead, the euro has become the tool of southern Europe, which seeks inflation to keep the gravy train going. 

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Central Bank Digital Currencies and the War on (Physical) Cash

Money and Banks

Central banks are claiming that their introduction of digital currencies is not tied to monetary policy, but it's clear that these digital currencies' potential effects on policy are precisely why they're being pushed.

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Privacy, Power, Fiscal Policy, the Poor: Four Reasons to Worry about CBDCs

Central BanksMoney and Banks

Blog12/02/2020

Central bank digital currencies need to be centralized and manipulable to some extent in order to use them to implement monetary policy, which is central bankers' goal. This characteristic makes them a very risky proposition.

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Modern Monetary Collectivism

InflationMoney and BanksOther Schools of Thought

Blog12/01/2020

No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.

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