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Money and BanksMoney and Banking
Nearly 70 years ago, Ludwig von Mises explained the seemingly irrational hunger among capitalists for long-term government bonds.
The FedMoney and BanksMoney and Banking
In a move that surprised exactly no one, the Fed's Federal Open Market Committee yesterday announced it would take no action.
Legal SystemMoney and BanksGold StandardMonetary Theory
The courts have long sided with the Feds in refusing to enforce gold clauses in private contracts. State governments can undo some of this damage.
As free-floating fiat money, the major currencies of the world are locked in a complex game of relative devaluation and manipulation.
Money and BanksInterventionismMoney and BankingPolitical Theory
The federal government is again trying to take free choice away from borrowers by imposing new regulations on short-term loans like payday lending.
Increasing the money supply leads to many negative effects that are not measured as price inflation in measures like the CPI.
Some inflation hawks are beginning to speak up at the Fed. But will they be enough to put the brakes on the current easy-money experiment?
Global EconomyMoney and BanksMoney and BankingPolitical Theory
The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.
Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.
With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.