
Gold and Free Banking versus Central Banking
In spite of the officially declared “independence” of the Federal Reserve from the immediate political control of either Congress or the White House, America’s…
Read MoreIn spite of the officially declared “independence” of the Federal Reserve from the immediate political control of either Congress or the White House, America’s…
Read MoreWith a recession become increasingly certain and the end of the expansionary phase of the credit cycle in sight, we can expect a periodic…
Read MoreThis chapter explores how laws enabling debt to be bought and sold transformed Britain. Suddenly, vast quantities of money and value were being…
Read MoreBy Joakim Book With the 2007-8 financial crisis came a splendid alphabetical soup of central bank interventions to stimulate financial markets, lower interest rates, provide…
Read MoreI have the pleasure of speaking at the Future of Money Conference in Frankfurt next month on the 24th November. It should be a…
Read MoreI wrote a chapter on business cycle theory – there are some terrific economists, including Prof. Gunther Schnabl, with whom I gave a seminar…
Read MoreIn the middle of July 2018, President Donald Trump said in an interview that he was “not happy” with the Federal Reserve nudging up…
Read MoreThe following is by James Madison, the primary author of the US Constitution and fourth president. For those who wish to get a…
Read More“Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von…
Read MoreThe timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the…
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