A Review of the Book A History of Money and Banking in the United States: The Colonial Era to World War II
byA Review of the Book A History of Money and Banking in the United States: The Colonial Era to World War II by Murray…
October, 2023
Heading Toward Another U.S. Government Default
by“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” Ernest Hemingway, The Sun Also Rises, 1926. The financial position…
The Dangers of a “Cashless” Economy
byBefore delving into the dangers of eliminating cash and mandating that all transactions be conducted by digital means, let us briefly discuss the legal…
Guest writer Bernardo Decoster: The Monetary roller-coaster of the 1890s in post-imperial Brazil
byThe Monetary roller-coaster of the 1890s in post-imperial Brazil The Republic of Brazil in the 1890s tasted two opposite monetary systems. By Bernardo Decoster…
The Fed and the shape of the yield curve
byBy Dr Frank Shostak For many commentators, a change in the shape of the differential between the long-term interest rate and the short-term interest…
Guest post from Sara Moore on the Weimar hyperinflation
byOn 29th September 2023, three days after the centenary of the end of Germany’s ‘passive resistance’ to France’s occupation of the Ruhr, The Cobden…
Unwinding the Financial System
byThis article looks at the collateral side of financial transactions and some significant problems that are already emerging. At a time when there is…
True Money Supply Is the Correct Measure of Inflation, Not Consumer Price Index
byHistorically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices. This shift in the definition…
Fed Forecasts: Financial Sport or Costly Distraction?
byFor some reason, the Fed continues to publish the Summary of Economic Projections (SEP), in which Federal Open Market Committee (FOMC) members guess the trajectory of…