Financial Markets

Unlike commodity money, fiat currencies allow persistent trade imbalances which cause grave discrepancies in income, consumption, and investment.

Patrick Barron explains how and why negative interest rates arise.

This year, our attention will be toward the Fed and central banks, as the world's financial elites try to navigate increasingly volatile waters.

Donald Trump's Twitter account is steering the market, the consequence of America substituting markets for central planners.

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

As yield-starved investors look to longer-dated assets, the biggest risk facing financial markets may be the financial asset duration bubble.

Nomi and Jeff discuss how the Fed could be the great populist issue that further unravels the Left/Right paradigm.

High-frequency trading is not the nefarious scheme policymakers would have you believe it is. It serves a real purpose in the marketplace.

Efforts to manipulate people into thinking the economy is good contribute to the ills brought on by the boom-bust cycle.

David Howden explains the basics of the European Union and the economic crises it has caused.