Monetary Policy
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The Libra Is More Significant than You Think
The Libra has the potential to mark the start of something because if widely used, it will open the eyes of the global population to a truth about money: it works best when its value is stable, plus it needn’t be a government creation.
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Central Banks Contribute to Inequality
Under a loose-money regime, the powerful get the new money first.
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Currency Devaluation Is No Ticket to National Prosperity
If a government manages to undervalue its currency in terms of foreign currencies, it subsidizes the consumption of foreigners who purchase its country’s exports. And while gains are reaped by those of its citizens who work to supply goods for export, currency undervaluation makes most of that country’s citizens poorer.
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The Fed Is Hereby Exposed as Wholly Political
If there is a bright spot to the tariff war, it’s that the Fed has definitively exposed itself as a political body, less interested in economic growth than serving the interests of power.
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Central Banking Is Central Planning
The long history of central banking, and especially over the last 100 years of paper monies and out-of-control government deficit spending partly funded by “monetization” of the debt, has more than clearly demonstrated that the epoch of modern central banking needs to come to an end.
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MMT Is a Recipe for Revolution
MMT in the colonial period often led to periods of ruinous inflation and, less well-understood, revolution-inducing deflation.
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What Gordon Ramsay Reveals about Monetary Economics
What does the Austrian theory of the trade cycle have to do with Gordon Ramsay? Plenty.
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Postmodern Monetary Theory
How the strange funding scheme behind the Green New Deal rejects the scientific foundations of economics
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Eight Questions We Should Be Asking about Economics
We rely on competitive markets to supply us with “correct” quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the “correct” quantity of money?
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•
The Dangers of Negative Interest Rates and a Cashless Economy
Interest rate manipulations by central banks through monetary policy are similar to price controls on other goods.
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•
The Libra Is More Significant than You Think
The Libra has the potential to mark the start of something because if widely used, it will open the eyes of the global population to a truth about money: it works best when its value is stable, plus it needn’t be a government creation.
-
•
Central Banks Contribute to Inequality
Under a loose-money regime, the powerful get the new money first.
-
•
Currency Devaluation Is No Ticket to National Prosperity
If a government manages to undervalue its currency in terms of foreign currencies, it subsidizes the consumption of foreigners who purchase its country’s exports. And while gains are reaped by those of its citizens who work to supply goods for export, currency undervaluation makes most of that country’s citizens poorer.
-
•
The Fed Is Hereby Exposed as Wholly Political
If there is a bright spot to the tariff war, it’s that the Fed has definitively exposed itself as a political body, less interested in economic growth than serving the interests of power.
-
•
Central Banking Is Central Planning
The long history of central banking, and especially over the last 100 years of paper monies and out-of-control government deficit spending partly funded by “monetization” of the debt, has more than clearly demonstrated that the epoch of modern central banking needs to come to an end.
-
•
MMT Is a Recipe for Revolution
MMT in the colonial period often led to periods of ruinous inflation and, less well-understood, revolution-inducing deflation.
-
•
What Gordon Ramsay Reveals about Monetary Economics
What does the Austrian theory of the trade cycle have to do with Gordon Ramsay? Plenty.
-
•
Postmodern Monetary Theory
How the strange funding scheme behind the Green New Deal rejects the scientific foundations of economics
-
•
Eight Questions We Should Be Asking about Economics
We rely on competitive markets to supply us with “correct” quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the “correct” quantity of money?
-
•
The Dangers of Negative Interest Rates and a Cashless Economy
Interest rate manipulations by central banks through monetary policy are similar to price controls on other goods.