Central Banks Enrich a Select Few at the Expense of Many
Under an inflationary monetary scheme, big financial-sector players who get the new money first benefit the most. Ordinary households down the line then bear the brunt of price inflation.
Money and Banks
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Government Counterfeiting — Not Capitalism — Squeezes Family Budgets
In a world of rampant central bank intervention and endless government regulation, some are still claiming we live in a world of "hypercapitalism."
Turkey’s Crisis and the Dollar’s Future
Emerging-market currencies often suffer a as a result of their government's own profligacy. But the US is also actively trying to destabilize some currencies, and setting up a conflict that the US could ultimately lose.
Our Republic’s First Economist
With printing of the Continental notes in 1775, Webster feared people would think you could finance the Revolutionary War by printing paper money. We should have listened!
How to Manipulate People with Interest Rates
It is not possible to generate something out of nothing as suggested by Keynes and his many followers.
Saifedean Ammous on Bitcoin Hype
Jeff Deist and Saifedean Ammous discuss the crypto technology revolution and private money.
The Problem with Historical Illustrations of Free-Banking Systems
Historical experience does not appear to support the thesis of modern fractional-reserve free-banking theorists.
Turkey Could Create A Larger Crisis Than Greece
The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.
IMF Produces Another Bogus Venezuela Inflation Forecast
Forget the IMF’s forecasts of Venezuela’s hyperinflation. They are a prime example of junk science.
Does a Fall in Unemployment Lead to Stronger Economic Growth?
Ultimately, what matters for the well-being of individuals is not that they are employed as such, but their purchasing power in terms of the goods and services that they earn.
