Money and Banks

Would it be possible for the boom-bust cycle to emerge in the free market economy where the central bank does not exist and where gold is money?

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

Joe Weisenthal is questioning whether people should be able to deposit their money in a checking account and be paid interest on it — Rothbardians have been saying that for decades. 

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.

The Keynesian obsession with avoiding deflation and pushing consumer spending has led to a serious decline in savings and capital accumulation.

Brexit is an opportunity to reset economic, monetary, and trade policies. The implications of getting rid of the EU millstone go far beyond the leaving date of 31 October. 

The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.

Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.

In Christine Lagarde and Philip Lane, the EU has two new central bankers who will push the limits of what central banks can do.

With its latest rate cut, the Fed is either caving to pressure from the Trump administration, or the Fed is admitting the economy is weaker than stated. Or the Fed simply doesn't know what's going on.