Central Banking
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Tether again Breaks the Buck
Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.
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Three Solid Movies on the 2008 Crisis
The most well-known of the movies on the 2008 financial crisis is also the weakest. On the other hand, there are two wonderful films about it that deal with both the difficult times for traders and the underlying causes.
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The Myth of Fed Independence
“Presidential attempts to influence the Fed did not start with, and will not end with, the current Chief Executive.” ~ Pete Earle
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Interest Rates Need to Tell the Truth
Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?
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What Is Money Velocity and Why Does It Matter?
The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.
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Harwood’s Letter to Keynes, 1934
Dear Mr. Keynes: Much of your open letter to President Roosevelt, seems so appropriate to be above criticism…. Unfortunately, portions of your advice seem somewhat perplexing.
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Bitcoin Should Be Welcomed as More Robust Than Fiat, Says Fed-backed Research
My theory: the paper is written for bankers and policy makers of an older generation who have heretofore ignored or dismissed crypto-based innovations. They might know something about money and banking. But they know next to nothing about computer science, digital resources, and cryptography. As a result, the paper speaks in the plainest-possible English about…
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Government Cannot Be Trusted with Control of Money
Immediately following the inauguration in 1933, President Franklin D. Roosevelt focussed on what his advisers told him was the real problem: the fall in the prices of everything. The theory, which is completely wrong, is that falling prices were causing the fall in productivity. They believed that by boosting the prices of stocks and other…
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Cryptocurrencies, Education and Public Opinion
Just how much will peoples’ attitudes have to change to allow widespread adoption of a private cryptocurrency like Bitcoin or Ethereum?
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Satoshi vs. Uncle Sam: What Happens When Governments Issue Cryptocurrencies?
What would happen if Bitcoin’s and Ethereum’s biggest competitor in the cryptocurrency space was the U.S. Federal Reserve? A new report issued by the Bank for International Settlements (BIS) considers whether central banks should issue their own cryptocurrencies.
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•
Tether again Breaks the Buck
Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.
-
•
Three Solid Movies on the 2008 Crisis
The most well-known of the movies on the 2008 financial crisis is also the weakest. On the other hand, there are two wonderful films about it that deal with both the difficult times for traders and the underlying causes.
-
•
The Myth of Fed Independence
“Presidential attempts to influence the Fed did not start with, and will not end with, the current Chief Executive.” ~ Pete Earle
-
•
Interest Rates Need to Tell the Truth
Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?
-
•
What Is Money Velocity and Why Does It Matter?
The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.
-
•
Harwood’s Letter to Keynes, 1934
Dear Mr. Keynes: Much of your open letter to President Roosevelt, seems so appropriate to be above criticism…. Unfortunately, portions of your advice seem somewhat perplexing.
-
•
Bitcoin Should Be Welcomed as More Robust Than Fiat, Says Fed-backed Research
My theory: the paper is written for bankers and policy makers of an older generation who have heretofore ignored or dismissed crypto-based innovations. They might know something about money and banking. But they know next to nothing about computer science, digital resources, and cryptography. As a result, the paper speaks in the plainest-possible English about…
-
•
Government Cannot Be Trusted with Control of Money
Immediately following the inauguration in 1933, President Franklin D. Roosevelt focussed on what his advisers told him was the real problem: the fall in the prices of everything. The theory, which is completely wrong, is that falling prices were causing the fall in productivity. They believed that by boosting the prices of stocks and other…
-
•
Cryptocurrencies, Education and Public Opinion
Just how much will peoples’ attitudes have to change to allow widespread adoption of a private cryptocurrency like Bitcoin or Ethereum?
-
•
Satoshi vs. Uncle Sam: What Happens When Governments Issue Cryptocurrencies?
What would happen if Bitcoin’s and Ethereum’s biggest competitor in the cryptocurrency space was the U.S. Federal Reserve? A new report issued by the Bank for International Settlements (BIS) considers whether central banks should issue their own cryptocurrencies.