Money and Banks

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.

With the economy growing at 2.1%, unemployment at 3.6%, creating 170,000 jobs per month, and estimated underlying core inflation of 2%, no objective data justifies cutting rates that are already artificially low.

Donald Trump thinks the Fed raised rates "too fast." In truth, rates have been at remarkably low rates for the past decade. And how would Trump know how fast is "too fast" anyway?

Five names seem to be emerging as the consistent front runners in the race to become the next head of Britain’s central bank.

The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.

The fact that politicians, central bankers, and “too big to fail” bankers all oppose a gold standard is a tacit admission that hard money would serve as an effective constraint on their activities.

The critical question is this: Is the Libra really good — or sound — money? Unfortunately, this question cannot be answered in the affirmative.

An estimated 78 percent of the UK’s working population are unable to make ends meet between pay-days. Neo-Keynesian policies are to blame.