Money and Banking

As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.

The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.

Government spending distorts and harms the wealth creation process. And cutting taxes without cutting spending won't lead to real economic growth.

In this 33-minute talk Joseph Salerno discusses the right way to define inflation, and how it impacts both economic prosperity and culture.

Now untethered from everything except the will of central bankers, international exchange rates  are especially prone to manipulation worldwide.

What causes financial crises, domestic and global, is the underlying, continuing credit expansion.

The key factor behind the rate-of-exchange determination is the relative purchasing power of various monies.

The Fed's policies over the past decade have resulted in a rapidly widening wealth and income inequality.

The traditional interpretation of the effects of Andrew Jackson's opposition to the central bank suffers from faulty economy theory.

All the sophisticated quantitative methods by themselves can't help us understand the cause-and-effect of what's behind the boom-and-bust cycle.