The Next Step in Europe’s Negative-Interest-Rate Experiment
The European Central Bank (ECB) pushed its deposit rate to minus 0.4 percent in April 2016: Since then, euro area banks must pay 0.4…
Central Banks May Choose Helicopter Money Over Negative Rates
The US Federal Reserve (Fed) is considering raising rates. Is the “normalization” of interest rates about to happen which savers and investors have been…
How the Blockchain and Gold Can Work Together
A look into monetary history shows that people, when given freedom of choice, opted for precious metals as money. This doesn’t come as a…
The Fed Can’t Raise Rates, But Must Pretend It Will
Waiting for Godot is a play written by the Irish novelist Samuel B. Beckett in the late 1940s in which two characters, Vladimir and…
Keeping the Bubble-Boom Going
The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period…
Banking and the state
“It had come to be accepted that the pigs, who were manifestly cleverer than the other animals, should decide all questions of farm policy,…