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Suppression of State Banknotes
There were many problems with the state bank era. But that does not mean the suppression of state banknotes improved matters.
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Morawetz on Central Banking
Victor Morawetz worried that regional differences would undermine central bank independence.
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Discretionary Central Banking Is Information Incompatible
Discretionary central banking places immense information burdens on central bankers.
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The Domain of Cryptocurrency: Clearing Accounts and Liquidity Costs
Like clearinghouse associations, the blockchain technology will further stabilize the banking system.
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Trump’s Tariff Threat Is Real
Trump seems to understand what is wrong with red tape and high costs within the borders but he seems blind to the terrible costs of doing the same to goods and services that cross the border into the United States.
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New- and Existing-Home Sales Are Showing Divergent Paths
Sales of new and existing single-family homes fell in December. However, a stronger postrecession recovery in existing-home sales has pushed the current months supply to an all-time low while the months supply for single-family homes has held relatively steady in recent months.
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