Money and Banks

Displaying 21 - 30 of 1841

It's No Bitcoin: Facebook's Libra Currency Is Tied to Government Currencies

Money and Banks

Blog06/28/2019

Libra's value is based on a basket of goods tied to government fiat currencies. Needless to say, Zuckerberg is no Hayek. And the Libra is no Bitcoin.

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CNN Admits There Are Serious Problems with Central Banks' Low-Interest-Rate Policy

Money and Banks

Blog06/27/2019

There is reason to believe low-interest rate policy has lowered productivity, lessened economic growth, and favored large firms at the expense of small firms and innovation. Greater inequality and stagnating wealth has resulted.

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Three Times the Price of Gold Collapsed — And Lessons for Today

Money and BanksGold StandardMoney and Banking

Blog06/25/2019

The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.

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What the Number Crunchers Get Wrong about the "Velocity of Money"

Money and BanksMoney and BankingOther Schools of Thought

Blog06/22/2019

The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.

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Central Banks Aren't Really In Control of Interest Rates

Money and BanksMoney and Banking

Blog06/22/2019

The central bank can try to manipulate the interest rate to whatever level it desires. However, it cannot exercise control over the underlying interest rates as dictated by people’s time preferences.

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The Fed's Endless Boom-Bust Cycle

Money and Banks

Blog06/21/2019

While many attempt to look to "de-regulation" or tax cuts to explain economic cycles, it makes more sense to zero-in on the role of central banks. 

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Low Inflation Is No Threat to the Economy

Money and BanksMoney and Banking

Blog06/17/2019

What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.

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Inflation: The Soviet Tool for Destroying Money

Money and BanksWorld History

Blog06/15/2019

The Bolsheviks were shocked to discover the destruction of money failed to bring about the rational economic order that the Communists believed to be inevitable.

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Mises on 100-Percent Reserve Banking

Money and BanksMoney and Banking

Blog06/13/2019

Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."

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Why Ignoring Time-Preference is the Fundamental Mistake of Central Bankers

Money and BanksCapital and Interest TheoryMoney and Banking

Blog06/12/2019

Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.

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