Central Banking
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Don’t Hand Over Your Money to Uncompetitive Banks
Having lived abroad for most of the last seven years, I am painfully aware of the challenges that emerge from having incomes, assets, and costs in different currencies. Sometimes that yields you unexpected windfalls, like when the British pound (GBP) between 2013 and 2015 was dirt cheap for us with incomes and assets in Swedish…
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LIBOR Is Out, SOFR Is in: What It Means
That the LIBOR fixings were manipulated was an open secret among financial market participants stretching back to the late 1980s
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Why the Moral Panic Over the Libra? (Video)
When Facebook proposed the Libra, however, moral panic swept Washington.
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The Mythology of Cantillon Effects
To Cantillon all new money had the same redistributive and uneven effects, regardless of whether it was first spent in the real economy or entered the credit markets, reducing interest rates.
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The Return of the Century Bond
Following the last few years of record-low yields, first on government debt and more recently on private sector debt, we have seen an unexpected twist: the renewal of this long-dead market.
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The Economic Future of a Negative Interest Rate World
In the long run, the deleterious effect of negative interest rates turns economic theory on its head.
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Fed Intervention in Real Time Payments Is Pointless and Maybe Destructive
the Fed should stay in its lane and stop trying to re-invent what banks are already doing.
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Rate Cuts Coming But Why? Stringham on Yahoo (Video)
Edward Stringham speaks on Yahoo Finance on the strange timing of the Fed’s interest rate moves.
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Judy Shelton on Competitive and Private Currencies
A government money monopoly, writes Judy Shelton, “invites a more sinister abuse of government power – even tyranny – as government precludes market entry to alternative issuers.”
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How Powell can Set Right Monetary Policy and Financial Markets
It is the perfect time for Powell to set right the financial sector and establish a return to normalcy.
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•
Don’t Hand Over Your Money to Uncompetitive Banks
Having lived abroad for most of the last seven years, I am painfully aware of the challenges that emerge from having incomes, assets, and costs in different currencies. Sometimes that yields you unexpected windfalls, like when the British pound (GBP) between 2013 and 2015 was dirt cheap for us with incomes and assets in Swedish…
-
•
LIBOR Is Out, SOFR Is in: What It Means
That the LIBOR fixings were manipulated was an open secret among financial market participants stretching back to the late 1980s
-
•
Why the Moral Panic Over the Libra? (Video)
When Facebook proposed the Libra, however, moral panic swept Washington.
-
•
The Mythology of Cantillon Effects
To Cantillon all new money had the same redistributive and uneven effects, regardless of whether it was first spent in the real economy or entered the credit markets, reducing interest rates.
-
•
The Return of the Century Bond
Following the last few years of record-low yields, first on government debt and more recently on private sector debt, we have seen an unexpected twist: the renewal of this long-dead market.
-
•
The Economic Future of a Negative Interest Rate World
In the long run, the deleterious effect of negative interest rates turns economic theory on its head.
-
•
Fed Intervention in Real Time Payments Is Pointless and Maybe Destructive
the Fed should stay in its lane and stop trying to re-invent what banks are already doing.
-
•
Rate Cuts Coming But Why? Stringham on Yahoo (Video)
Edward Stringham speaks on Yahoo Finance on the strange timing of the Fed’s interest rate moves.
-
•
Judy Shelton on Competitive and Private Currencies
A government money monopoly, writes Judy Shelton, “invites a more sinister abuse of government power – even tyranny – as government precludes market entry to alternative issuers.”
-
•
How Powell can Set Right Monetary Policy and Financial Markets
It is the perfect time for Powell to set right the financial sector and establish a return to normalcy.