Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...
The modern money system does not just reflect existing inequality, it actively amplifies it. From central bank policy to neighborhood banking options, the rules of finance tend to channel gains toward ...
Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...
Gold bars, 400 troy ounces or 28 lbs each, are displayed at the Bureau of Engraving and Printing (BEP) in Washington, DC. (Photo by PAUL J. RICHARDS/AFP via Getty Images) It’s hard to believe, but the ...
The modern monetary system, built on fiat money, has weak foundations similar to the Leaning Tower of Pisa, risking economic instability and collapse. Historical debasement practices, like those of ...
Gold Rate Today: As gold prices continue to surge globally, billionaire investor Ray Dalio has offered a stark explanation for why the rally may be far more than a cyclical move. In a widely shared ...
Elizabeth Spiers is joined by Matt Sekerke and Steve H. Hanke to discuss their book Making Money Work. If you can't access your feeds, please contact customer support. Thanks! Check your phone for a ...
The Bank for International Settlements (BIS) unveiled a new vision for the future of the global monetary and financial system, centered on a tokenized unified ledger. This innovative framework aims to ...
This paper reviews the trade-offs involved in the choice of the ECB’s monetary policy operational framework. As long as the ECB’s supply of reserves remains well in excess of the banks’ demand, the ...
It would safeguard monetary stability, fend off private payment monopolies, and stand as a potent symbol of European unity The digital euro project has a simple motivation: to ensure that people in a ...