The Austrian School Warned, the ECB Didn’t Listen
byby Alvaro Martin Looking at the current situation, one can easily perceive that our economic environment is not in the best condition. The whole…
Economics
100% Banking and Its Advocates: A Brief History
byBy Edward W. Fuller The 100% reserve plan is often considered a radical proposal for monetary reform. This article discusses the history of 100% banking…
Fragility – what the US money-market squeeze means for the future
byLast month’s squeeze in overnight domestic US$ funding rattled markets The Fed responded rapidly but the problem has been growing for some time…
FinTech Companies; little innovation and no reform of banking
byNew entrants into every aspect of banking were encouraged by two recent regulatory developments: the Open Banking initiative and the ‘sandboxing’ exemptions from regulations….
Benn Steil: Housing Market Points to Recession By Election Day
byLooking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices…
A Wealth Tax Consumes Capital
byIt seems one cannot make a name for one’s self on the Left, unless one has a proposal to tax wealth. Academics like Tomas…
How the GDP framework creates the illusion that by means of money pumping the central bank can grow an economy
byIn response to a weakening in the yearly growth rate of key economic indicators such as industrial production and real gross domestic product…
The Disaster of Negative Interest Policy
byThose who had hoped that things could not get worse with the monetary policy of the European Central Bank (ECB) have been proven wrong….
Do banks require savings to accommodate demand for lending?
byThere is an emerging view held by many commentators that it is banks and not the central bank that are key for the expansion…
The Ghost of Failed Banks Returns
byLast week’s failure in the US repo market might have had something to do with Deutsche Bank’s disposal of its prime brokerage to BNP,…