Money and Banks

Technology is great, but it can't alter the nature and function of money, and it can't create a money out of thin air, argues Frank Shostak.

With its latest move to boost interest rates, the Fed is again clouding its role as the sole source of economy-wide price increases.

Frank Shostak rebuts the claim that markets are driven to unsustainable highs by waves of investor enthusiasm. Actually, the Fed itself is the real culprit.

Fifteen years ago, Murray N. Rothbard wrote a piece on the most prevalent economic errors of that time. What are the great economic errors alive today?

It's not the high costs to the bank that explain why fast cash is pricey. These fees are simply a market price for a service that is highly in demand.

All talk of disproportionate wealth gains belongs in the dustbin of history. 

Greenspan recently said he is not sure what the money supply is. But money is like any commodity: it has a supply and it can be counted.

The new Sacagawea "golden dollar" is an afront to the memory of the real gold standard.

As regular banks decline in financial importance, some economists have wrongly said that non-banks have become engines of inflationary credit.

A scheme heralded by the political elite turns out to be an economic fiasco everywhere it has been tried, argues Jeffrey Tucker.