Investing

By the start of 1948, there could no longer be any doubt: the Great Depression wasn't coming back. Instead of...

In a recent Bloomberg column, former New York Fed President Bill Dudley echoes a conventional Fed narrative, contrasting Fed interest...

Recently, an investment advisor and Bitcoin proponent tweeted the claim that “or most of human history” the “eparation of money...

Senator Rob Portman (R-OH), the ranking member of the Senate Homeland Security and Governmental Affairs Committee, released a new minority...

In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime...

It was supposed to be a debacle. As the Second World War drew to a close, the nation's leading economists...

Thanks to the Roosevelt Recession, in the spring of 1938 the New Deal's "Keynesians" finally found themselves in the saddle,...

Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy.  Direct cash payments to...

(From the entry on "Money," by Charles Francis Bastable, in the famous 11th edition of the Encyclopedia Britannica): The very...

Although I've devoted many essays here to exploding myths about historical private currencies, there's one I've yet to directly challenge....