Jim Brown

We observe a run on deposits in a commercial bank, then observe that the same thing can happen to other financial institutions, then mistakenly assume these institutions are essentially the same.

One good way to understand the current monetary system is to gain a basic understanding of banking history.

Commercial banks do not lend out other peoples’ money. On the contrary, banks create new money every time they make a loan.

Whether the bank sanctions hurt Putin or not, they will have far-reaching effects on many innocent people, and not only in Russia. To understand these effects, consider what happens when a bank account is “frozen.”

Those dollar bills in your pocket came from bank deposits, created out of thin air.

How does money come into existence today?

There’s nothing unfair about wealth disparity in a free market, but the economic divide caused by QE is a gross injustice.

Is consumer price inflation transitory or persistent?

The Fed’s fixation on consumer prices disguises the real inflation rate.

Record profits are not the sign of a resilient economy but an inflationary effect of reckless money creation