Money and Banking

Michael Pence seems to be under the mistaken impression that the United States has an unregulated free market economy.

Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.

When inflation is seen as a general increase in prices, then anything that contributes to price increases is called inflationary.

Steve Mnuchin has said little publicly, but his resume does seem to contrast sharply with Trump's populist campaign.

Inflation has increased costs for the makers of the Toblerone chocolate bar. In response, they have changed the bar and outraged some customers.

King merits praise for coming close, in his own way, to many Austrian insights, but in the end he continues the problem of central banking control.

American chain banks have become just glorified ATM machines. But there is a model of banking that offers something quite different.

The Fed's policies continue to cripple the middle class while favoring those few who benefit from the Fed's inflationary policies.

The markets are betting on a new Trump-driven economic miracle to soften the blow of the next recession. It may be a vain hope.

Donald Trump's spending plans will not invigorate the economy. However, There are some things Trump could do to truly encourage wealth creation.