Money and Banks

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Pavel Mordasov

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.

Arkadiusz Sieroń

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

Ronald-Peter Stöferle

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.

Thorsten Polleit

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.

Alasdair Macleod

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

Daniel Fernández Méndez

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

Frank Shostak

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.

Gregory Bresiger

The movement for alternative money is the result of the history of government monetary mismanagement.

Frank Shostak

Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.