Money and Banks

Wesley Schlemmer joins Good Money to discuss how Bitcoin Bay is helping Tampa residents convert Bitcoin into real goods and services, including locally raised beef.

With growth now falling near or below negative 10 percent for the second month in a row, money-supply contraction is the largest we've seen since the Great Depression. 

Patrick Newman joins Bob to discuss a recent tweet from Stephanie Kelton, which argued that the government's "red ink makes our black ink possible."

How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

The usual suspects are "relieved" that Congress gave President Biden what he wanted on the so-called budget deal.

What happens next will depend heavily on what the regime will feel is necessary to buoy public support for the regime and its current ruling party. 

As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.

2022 was a warning sign that debunked the myth of eternal monetization of debt with low inflation. It is time to be serious. High deficit spending is not a tool for growth, but a tool for cronyism and a burden on the future.

With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.

On this episode of Good Money with Tho Bishop, Peter St Onge joins the show to discuss this week's Fed announcement and what it means to normal Americans.