BernankeBagehot

Did Bernanke’s Fed Follow Bagehot’s Rules?

– October 24, 2018

Bagehot’s rules are ultimately geared toward assisting illiquid financial organizations but allowing insolvent ones to fail. The Fed went out of its way to support insolvent organizations.

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Tetherimage

Tether again Breaks the Buck

– October 15, 2018

Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.

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venezuelanbolivar

The End of Hyperinflation

– September 24, 2018

Despite recent events in Venezuela, hyperinflation has become increasingly rare.

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jeremy-irons-margin-call1

Three Solid Movies on the 2008 Crisis

– September 19, 2018

The most well-known of the movies on the 2008 financial crisis is also the weakest. On the other hand, there are two wonderful films about it that deal with both the difficult times for traders and the underlying causes.

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fedindepenence

The Myth of Fed Independence

– September 12, 2018

“Presidential attempts to influence the Fed did not start with, and will not end with, the current Chief Executive.” ~ Pete Earle

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silhouette

Money Is Privacy

– September 3, 2018

Financial privacy does not get much attention from central bankers. But questions about privacy are becoming increasingly important.

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interestrate

Interest Rates Need to Tell the Truth

– August 29, 2018

Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?

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piggy-bank-2889042_1280

Central Banking for the Unbanked?

– August 27, 2018

A new proposal would have the Federal Reserve provide interest-paying no-fee deposit accounts to the public.

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velocitymoneyfed

What Is Money Velocity and Why Does It Matter?

– August 16, 2018

The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.

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CrystalBall

The Super-alertness of Central Bankers

– July 26, 2018

Central bankers need not merely be alert to market disequilibria. They must foretell, without the proper information, how the whole market will react to new conditions.

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fed

Regime Change at the Fed

– July 26, 2018

Why did the Federal Reserve move from a corridor to a floor system in 2008?

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gavel-2492011_1280

Towards Lawful Money

– July 11, 2018

Discretionary central banking has had its day. It’s time to insist on lawful money.

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