Money and Banks

Ultimately, what matters for the well-being of individuals is not that they are employed as such, but their purchasing power in terms of the goods and services that they earn.

That deflation is always and everywhere a bad thing is now an almost universal article of faith among mainstream economists and financial commentators.

The Bank of England apparently wants to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit.

The Bank of England apparently wants to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit.

Here's how to tell the Austrian approach on money apart from the views of other schools of thought.

Deflation can never repair the damage of a prior inflation. It would be like running someone over with a car, and then trying to fix the situation by backing up over the person again.

The Federal Reserve is not politically independent — and it never was.

The Fed's policy of price stability, as in the 1920s, may catch economists again unaware of the damage inflicted by this policy.

Naturally, Fed chairmen claim they are never influenced by politicians who threaten them. But it would by naïve to take this at face value.

The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.