Money & Banking

Currency Competition May Save the Economy or Even Much More

It should never be illegal to do honest business in America, even if that means a transaction isn’t denominated in U.S. dollars.

The New Deal and Recovery, Part 5: The Banking Crisis

The New Deal and Recovery, Part 5: The Banking Crisis

To understand how the world’s largest economy ended up shutting-down its entire banking system, one must first be aware of a long-standing defect of that system and of how it led, first to the proliferation of small and under-diversified banks, and then to as many bank failures.

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What Makes Money Trustworthy?

I don’t trust politicians, generally, but I especially don’t trust them with money. Since the U.S. went off the gold standard, the dollar has lost 80 percent of its value.

Interest Rates Need to Tell the Truth

In the middle of July 2018, President Donald Trump said in an interview that he was “not happy” with the Federal Reserve nudging up interest rates and threatening economic growth in the United States. At the recent Jackson Hole, Wyoming, meeting of global central bank...

Government Monopoly Money vs. Personal Choice in Currency

Greater monetary freedom would not only give every citizen a legal right to protect and secure his income, wealth and market transactions from abusive mismanagement of the government’s monopoly monetary printing press. It could also serve as a check on the degree of such government abuse.

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