inflation

A new meme is spreading in financial markets: The Fed is about to turn off the monetary spigot. U.S. Printmaster General Ben Bernanke announced …

Where things stood at the close of last week: Dow down 105, gold up $9 an ounce. Nothing worthy of comment, in other words. …

In the 15th century, the highest standard of living in the world belonged to China. Places like Nanjing had reached the pinnacle of civilization …

Kings used to “clip” and “sweat” coins constantly to pad the government treasury. Coins would be called in and filed around the edges, with the resulting loose metal coined into new currency for the government to spend. This practice has gone the way of the buggy whip, with the Federal Reserve conjuring up billions from the ether with the ease of a keystroke.

Last Friday, I participated in a short debate on BBC Radio 4’s Today program on the future direction of gold. Tom Kendall, global head …

Most of America has suffered since the crash of 2007. Property values plummeted, unemployment soared and remained stubbornly high, the use of food stamps …

“Half of the nation’s 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next.” This is The …

It’s crazy in New York and New Jersey, and commentators are mystified. Hurricane Sandy was bad enough. That’s a natural disaster, and we are …

In large parts of the oldest civilized region of the world, you will find in nearly every room a pretty blue charm that looks …

The Fed’s latest inflationary scheme sounds like a technocratic innovation. It lowered the costs of currency swaps between central banks of the world, with …