Money and Banking
Displaying 191 - 200 of 1988
Are Fractional Reserve Bank Deposits Money?
It is possible to conceive of a world where fractional reserve banking is understood by both banker and depositor and involves no deception or fraud. But in that world, deposits cease to be money and become complex credit securities.
Are Fractional Reserve Bank Deposits Money?
It is possible to conceive of a world where fractional reserve banking is understood by both banker and depositor and involves no deception or fraud. But in that world, deposits cease to be money and become complex credit securities.
Why Central Banks Are a Threat to Our Savings
Contrary to what many modern economists say, increased saving is not a problem for the economy. The real problem stems from declines in production and saving, and these often result from central banks' monetary policy.
The Fallacy of the Equation of Exchange
The assumption that an exchange presumes some sort of equality has been a delusion of economic theory since Aristotle.
The ECB Has Been Hiding Risk. They Won’t Be Able to Do It Much Longer.
The ECB can disguise the risk for a while, but the reality of the mounting debt and tax burden ahead is probably going to end in a debt crisis.
Money Pumping Won’t Fix What’s Wrong with the Economy
The current bust has been made worse by previous periods of easy money, which destroyed the wealth creation that is critical to sustaining a growing economy.
The Fed Has Gone Nuts. And It Can Get Worse.
The new Fed policy proposals being floated carry significant political risk, because they enjoy support not just from the redistributionist left, but also “business conservatives” happy to raid our future to make their pain stop.
The COVID-19 Crisis Is Driving the EU to the Brink
As the debt bombs in Italy and Spain and France get worse, it increasingly looks like the eurozone will have to bail out a huge portion of the European economy. Either that, or break up the EU, provoking a new crisis.
