This book critically explores past and present principles of central banking, and outlines a new framework for future stabilization policy. Through compact and concise chapters, it demonstrates why a constant long-term interest rate would be the most beneficial target for moneta…
Central banking is magic. With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decision…
"The role of money-lenders in history was once aptly termed by many acute observers as the Hidden Hand. It is the power to create, lend and accumulate interest on credit, and then re-lend that interest for further interest, in perpetuity, that creates pervasive, worldwide debt, …
How is finance related to economic processes, and why should it be viewed as a public good requiring policy action? This book provides an answer. The book develops a practical framework for safeguarding financial stability, which encompasses both prevention and resolution of pro…
How is finance related to economic processes, and why should it be viewed as a public good requiring policy action? This book provides an answer and also: 1) develops a practical framework for safeguarding financial stability, which encompasses both prevention and resolution of …
How is finance related to economic processes, and why should it be viewed as a public good requiring policy action? This book provides an answer and also: 1) develops a practical framework for safeguarding financial stability, which encompasses both prevention and resolution of …
"The value of global cashless payments has been radically increasing worldwide. Despite cash being the most used payment instrument in the world, technological innovation and new consumer preferences are decisively transforming the way consumers pay and manage money. The COVID-1…