Financial regulators ought not inhibit private money creation processes, which make the market more resilient in times of crisis.
In many ways, we are better off than we were in the era of the international gold standard. But monetary freedom is not one of them.
Chartalists are right: debt preceded money. But that fact doesn’t do the work they think it does.
There are two reasons monetary policy cooperation might backfire.
The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.