dollar construction

Who Bears the Burden of Dollars’ Falling Purchasing Power?

– August 4, 2020

“Inflation is not a one-trick pony, with an easily predictable outcome. Rather, it does several things at the same time. Looking at claims like the eradication of a dollar’s purchasing power is misleading: it is not the case that inflation has ripped off savers by eradicating 97% of their savings’ worth.” ~ Joakim Book

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fed building, new york, flag

The Fed Is Not Independent, But It Should Be

– June 19, 2020

“To be an effective central bank, the Fed must strive to remain independent of short-term political influence. A strict separation of monetary and fiscal policies helps bolster central bank independence.” ~ Thomas L. Hogan

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house, light, hands

Free Down Payments and Subsidized Mortgages are Not Social Justice

– June 11, 2020

“Despite 50 years of debacles, politicians are still glorified for pretending that free downpayments and subsidized mortgages are “magic beans” that multiply social justice in America.” ~ James Bovard

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Banking the Unbanked: Lessons from the Developing World

– February 29, 2020

Access to financial services, or “financial inclusion,” has long been recognized as a critical step towards escaping poverty. Having a bank account enables people to protect their savings, diversify risk, lower transaction costs and access credit …

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bankofengland

When Did the Bank of England Become a Lender of Last Resort?

– June 11, 2019

It happened sometime after the crisis of 1847.

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vaultofbank

Narrow Banks, Very Narrow Banks, and the Federal Reserve

– May 31, 2019

A bank charter has been granted to The Narrow Bank in Connecticut. But the idea of narrow banking is not new.

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