Money and Banks

The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.

The Bank of England apparently wants to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit.

Deflation can never repair the damage of a prior inflation. It would be like running someone over with a car, and then trying to fix the situation by backing up over the person again.

Naturally, Fed chairmen claim they are never influenced by politicians who threaten them. But it would by naïve to take this at face value.