Predicting A Future Free Of Dollar Bills
Picture the scene. It’s 2020. You’re at the checkout in a convenience store with a carton of milk. But you’ve got no cash and …
paper money
The Hubris of Trying to Eliminate Cash
As the world gets more digital, people forget about the benefits of transacting in cash. And government officials know that.
Has the Fed Met Its Match?
Now, this is sheer entertainment. The Chicago branch of the Federal Reserve has addressed the great monetary question of our day. A researcher has …
Money Printing: Everything Old Is New Again
While the world has evolved over the centuries, human emotions have remained the same — happiness, sadness, jealousy, greed, fear. The ruling class and …
How to “Fed Proof” Your Wealth
Stocks settled down recently. The Dow dropped 40 points. Either the market had already priced in “QE forever”… or investors are starting to wonder. …
The Currency War Heats Up
During the last debate, Mitt Romney emphatically stated he would blast China for manipulating its currency the first day he takes office. Talk about …
Leaping toward the Keynesian Dream
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 …