Money and Banks

Nearly 70 years ago, Ludwig von Mises explained the seemingly irrational hunger among capitalists for long-term government bonds.

In a move that surprised exactly no one, the Fed's Federal Open Market Committee yesterday announced it would take no action.

The courts have long sided with the Feds in refusing to enforce gold clauses in private contracts. State governments can undo some of this damage.

As free-floating fiat money, the major currencies of the world are locked in a complex game of relative devaluation and manipulation.

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

The federal government is again trying to take free choice away from borrowers by imposing new regulations on short-term loans like payday lending.

The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.

Some inflation hawks are beginning to speak up at the Fed. But will they be enough to put the brakes on the current easy-money experiment?

Increasing the money supply leads to many negative effects that are not measured as price inflation in measures like the CPI.

Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.