In the previous article in this series I pointed out that even after recent dramatic sell-offs gold prices are still higher than one would expect if one saw them as being driven only by money creation ...

Forbes contributors publish independent expert analyses and insights. I write about banking, finance and economics. Oct 31, 2017, 01:21pm EDT Apr 14, 2022, 02:04pm EDT This article is more than 8 ...

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Journal of Money, Credit and Banking, Vol. 50, No. 5 (August 2018), pp. 1073-1094 (22 pages) I revisit the example of non-neutral anticipated monetary expansions used in Lucas (1995) Nobel Prize ...

The financial intermediation theory posits that banks function as intermediaries between savers and borrowers. Under this model, banks collect deposits from individuals and institutions, which they ...

To understand money supply growth, it is essential to distinguish between reserve creation and deposit creation. Garrett argues that referring to the Fed’s operations as 'money printing' is not merely ...

It’s undeniable — the world runs on money. This thought is ingrained in all of us and we all understand it deeply. This is evident by the fact that we spend vast amount of hours every day in order to ...