In the annals of central banking economic literature, there is one name that looms large: Walter Bagehot. As editor of The Economist from 1861-1877, he built up that publication’s reputation and turned it into a newspaper of economic renown. But Bagehot is particularly known for his theory of central...
Ever since the 2008 financial crisis, central banks have taken on new positions of importance. Once operating largely in the shadows, today the actions of central banks are front and center in the headlines. In large part that is due to the unprecedented amounts of quantitative easing (QE) that...
Most Americans don’t give a second thought to bank regulation, and for good reason. The amount of red tape surrounding the banking and financial sector is massive. Just imagine the amount of compliance that banks have to undergo in order to stay in business. In the US Code, Title 12...
Historically, central banks hate gold, but they've been buying a lot of it lately. Learn why banks have been buying gold at the highest level in half a century.
Along with George Orwell’s 1984, Aldous Huxley’s dystopian novel Brave New World depicted the extent to which future governments would attempt to dominate society. But increasingly the warnings from Orwell’s and Huxley’s novels are not being heeded, and in fact many question whether the powers that be aren’t using...
With the Federal Open Market Committee (FOMC) moving last week to cut its target federal funds rate by 50 basis points, all eyes are on next week’s FOMC meeting to see what the Fed does next. The expectations are for the Fed to continue cutting interest rates, as other...
Countries don't trust that their gold is safe abroad and are looking to repatriate their gold and bring it back home. Do they know something that we don’t?