In the previous article in this series I pointed out that even after recent dramatic sell-offs gold prices are still higher than one would expect if one saw them as being driven only by money creation ...

Money creation may well be the biggest economic issue of our times. The way that new money is created has a massive impact on our entire economy and, in fact, it would not be an exaggeration to ...

Forbes contributors publish independent expert analyses and insights. I write about banking, finance and economics. Oct 31, 2017, 01:21pm EDT Apr 14, 2022, 02:04pm EDT This article is more than 8 ...

Journal of Money, Credit and Banking, Vol. 50, No. 5 (August 2018), pp. 1073-1094 (22 pages) I revisit the example of non-neutral anticipated monetary expansions used in Lucas (1995) Nobel Prize ...

This is your first of three free stories this month. Become a free or sustaining member to read unlimited articles, webinars and ebooks. We’ve never done anything big in this country without little ...

The financial intermediation theory posits that banks function as intermediaries between savers and borrowers. Under this model, banks collect deposits from individuals and institutions, which they ...

More and more people are calling for a "ban on banking," but that's not as crazy as it sounds. Under a new regime, there would still be entities called "banks." But they'd have a radically scaled back ...

To understand money supply growth, it is essential to distinguish between reserve creation and deposit creation. Garrett argues that referring to the Fed’s operations as 'money printing' is not merely ...

Making money needn’t be painful. I realized over the years that if you view it as a struggle, you make less of it. Those that are winning this game are finding ways to make it fun. This is why my ...

It’s undeniable — the world runs on money. This thought is ingrained in all of us and we all understand it deeply. This is evident by the fact that we spend vast amount of hours every day in order to ...