Money and Banks

American chain banks have become just glorified ATM machines. But there is a model of banking that offers something quite different.

The Fed's policies continue to cripple the middle class while favoring those few who benefit from the Fed's inflationary policies.

The markets are betting on a new Trump-driven economic miracle to soften the blow of the next recession. It may be a vain hope.

The dollar will remain the world's reserve currency so long as other governments are happy to keep propping it up.

The euro is already in deep trouble, and the less enthusiastic globalism likely to be offered by Trump will be another blow to the European project.

The best and only way to get rid of corruption is to get rid of the system.

There really are reasons to believe Trump will steer the Fed in a more hawkish direction.

There's a growing divergence between income growth in states with large financial centers — and the old "main street" economies.

In this open letter to Donald Trump, free-market economists outline steps Trump should take to free the economy.

As yield-starved investors look to longer-dated assets, the biggest risk facing financial markets may be the financial asset duration bubble.