Money and Banking

A Monetary Policy Primer, Part 9: Monetary Control, Today

A Monetary Policy Primer, Part 9: Monetary Control, Today

Instead of endeavoring to influence a market-determined federal funds rate by reducing or increasing the supply of bank reserves, the Fed now adjusts a pair of rates determined solely by its own administrative decrees, while conducting open-market operations without any particular reference to these rate adjustments.

War on Cash Spreads to India

War on Cash Spreads to India

The war on cash is a sign that central banks may see a dangerously deteriorating situation, one that has led to a feeling of desperation by governments and a wish to control the wealth of citizens.

A Monetary Policy Primer, Part 7: Monetary Control, Then

A Monetary Policy Primer, Part 7: Monetary Control, Then

“Monetary control” refers to the various procedures and devices the Fed and other central banks employ in their attempts to regulate the overall availability of liquid assets, and through it the general course of spending, prices, and employment, in the economies they oversee.

The Election’s Bearing on Monetary Freedom

The Election’s Bearing on Monetary Freedom

The sad reality is that the battle for monetary freedom has for some time now taken the form of a rearguard action, aimed at resisting as much as possible ever-increasing government incursions into an ever-shrinking realm of financial choice.