How Does Money in Our Possession Acquire Value?
Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.
Money and Banking
Displaying 11 - 20 of 1985
How Does Money in Our Possession Acquire Value?
Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.
Full-Time Jobs Fall Again as Total Employment Flatlines in April
Since early 2023, full-time jobs have flatlined while part-time jobs have grown. Meanwhile, total number of employed workers has flatlined, too.
Price Inflation Accelerates for Second Month as Biden Blames “Greed”
The dollar has lost one-fifth of its value in just four years. This has been devastating for many savers and for those on fixed income.
The Fed Claims the Banking System is “Sound and Resilient.” The Banks’ Balance Sheets Say Otherwise
In a recent statement, the Federal Reserve declared that US banks are "sound and resilient," but a lot of markets, including real estate, testify to a very different situation.
Why the Fed Sends Mixed Messages on Rate Cuts
The Fed's muddled messaging helps to illustrate how the Fed seeks to serve various political interests while also trying to avoid the political pitfalls of both high price inflation and economic stagnation.
Central Banks Brought Inflation. Now they Bring Stagnation.
By ignoring monetary aggregates, central banks may cut rates with no real effect on the productive economy and solve nothing. There may be a significant contraction in economic activity even if rates decline, as credit availability worsens even with declining rates, but markets keep inflating the financial bubble.
Sovereign Debt is Eating the World
Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic. How did we get here?
Rothbard: Understanding the History of Banking from an Austrian Perspective
Jesús Huerta de Soto reviews Murray Rothbard's A History of Money and Banking in the United States: The Colonial Era to World War II.
