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Hardly anyone likes inflation Unless you’re a big-time debtor like the US government, you understand how destructive inflation can be It erodes the value of your money, reduces your standard of...
While inflation continues to dominate the headlines, developments below the economy’s surface are continuing, without much fanfare One of the major developments that could completely upend the way...
We live in a world today that is awash in money The total M3 money supply in the United States is nearing $22 trillion The national debt is over $30 trillion The Federal Reserve’s balance sheet is...
A decade ago, digital currencies were still being viewed with skepticism While Bitcoin and other cryptocurrencies had a following among young, technologically adept people, politicians and regulators...
The advent of Bitcoin and cryptocurrencies demonstrated to many people the advantages of digital currency, and particularly of decentralized digital currencies Bitcoin was developed specifically in...
Almost all the gold ever produced throughout history is still in existence above ground, a testament to gold’s ability to endure But who owns it all We know roughly how much gold is owned by...
When it comes to monetary policy, one thing that is almost certain is that monetary policy actions will always lag The effects of monetary policy actions won’t be felt for weeks or even months And...
This week promises to be another interesting one for markets, as all eyes will be on the Federal Open Market Committee as it holds its final meeting for the year While the end of the year is normally...
Ever since the adoption of the Bretton Woods monetary system in the aftermath of World War II, and the adoption of the US dollar as the world’s dominant reserve currency, the Federal Reserve System...
If you listen to central bankers’ public comments, they love to talk about how sound and secure their currencies are To them, loose monetary policy is nothing to worry about Just trust that the...
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...
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...
