Ms. Shelton, a monetary economist, is a senior fellow at the Independent…
Argentina’s new president turns up just as America seems to be losing confidence in the virtues of its founding values and democratic capitalism.
By one reckoning there’s a 99 percent probability that the Fed will lower the federal-funds rate by September — its last meeting before Americans go to the polls.
Americans are starting to focus on whether the efforts of the Fed to manage the economy are doing more harm than good.
Jacques de Larosière is out with a must-read new book on the end of financial illusion.
The fate of the USSR under Gorbachev offers a note of caution.
‘In a fiat-money system — one in which money is not backed by a physical commodity such as gold — it is not possible for a central bank to leave asset prices and yields entirely to the free market.’