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 ...

Money creation may well be the biggest economic issue of our times. The way that new money is created has a massive impact on our entire economy and, in fact, it would not be an exaggeration to ...

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 ...

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 ...

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 ...