THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat money, non-gold-standard money, today, from the perspective of the ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. With the recent passage of the GENIUS Act, the United ...

Economist Lynette Zang issued a stark warning about the future of the U.S. dollar and global monetary stability, pointing to the implications of President Donald Trump's “Genius Act” and the rapid ...

This paper reviews the trade-offs involved in the choice of the ECB’s monetary policy operational framework. As long as the ECB’s supply of reserves remains well in excess of the banks’ demand, the ...

Project Agorá will investigate how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank money and seek to build a usable solution. The project, announced by the ...

2026 will likely be the year when we will start to see serious flaws, with the pure fiat global monetary system exposed. The root cause is the need for accommodating central bank policies in the face ...

Gold Rate Today: As gold prices continue to surge globally, billionaire investor Ray Dalio has offered a stark explanation for why the rally may be far more than a cyclical move. In a widely shared ...

Before the 2008 global financial crisis, the Federal Reserve’s balance sheet stood somewhere in the neighborhood of $900 billion. In the years that followed, the Fed would embark on a series of ...

Every six weeks, the Reserve Bank of Australia sets the “cash rate”, affecting the interest rates paid on every Australian mortgage and savings account. Like any price mechanism, the cost of borrowing ...