James Grant: Two Alternative Outcomes From Fed Policy – Much Higher Inflation or More Money Printing
In a special reprise edition of FS Insider, Jim is pleased to welcome James Grant, Founder and Editor of Grant's Interest Rate Observer. James and Jim cover an array of topics, including Grant’s outlook for Federal Reserve policy and how attempts to control or manipulate interest rates are ultimately futile. He sees the Fed either creating too much inflation, or forced to stimulate even more until inflation results. They also discuss the hundreds of billions of dollars that savers have not received in recent years as a result of zero interest rate policies. James also gives optimistic assessments on India, gold, and gold stocks. This broadcast is free and gives listeners an example of the quality programming they will find as a subscriber to FS Insider.What Gave Bitcoin Its Value?
Many people who have never used bitcoin look at it with confusion. Why does this magic Internet money have any value at all? Thinking Money: The Psychology behind Our Best and Worst Financial Decisions
Thinking Money: The Psychology Behind Our Best and Worst Financial Decisions uses a mix of humor, on-the-street interviews and provocative insights from innovative thinkers to explore why we spend, save (or don't), and how we think about money.India Must Make Drastic Changes In Its Monetary Policy
India has been bedevilled by inflation from its chronically weak rupee, as it labors under the Keynesian delusion that excessive money printing helps growth. Myths about Money and Inflation
This Keynesian myth postulates that increasing aggregate demand through increasing the money supply will lead to more spending, higher employment, increased production, and a higher overall standard of living.How Money is made
Just as the BRICS have rejected Western-led economic institutions, developing economies would do well to expel foreign banks and allow local financial institutions to create money for productive purposes.Are Cash Flows Better Stock Return Predictors than Profits?
Novy-Marx shows that profitability, measured by gross profits-to-assets, predicts the cross-section of average returns just as well as book-to-market ratios do.Money Talks: Little by little
From a different perspective, the bond market is also little by little losing value as rates slowly but surely begin creeping up. Remember, when rates go up, the value of our existing bonds go down, always have and always will. How to Simplify the Way You Think About Money
"Gut feelings are tools for an uncertain world. They're not caprice. They are not a sixth sense or God's voice. They are based on lots of experience, an unconscious form of intelligence."Does Treasury See Market Crisis Ahead?
Treasury is likely thinking that they want to be ready if the day comes that they need to use them so they should do some testing.Money: How the Destruction of the Dollar Threatens the Global Economy
Money is simply a tool that measures value, like a ruler measures length and a clock measures time. Just as changing the number of inches in a foot will not increase the building of houses or anything else, lowering the value of money will not create more wealth.Bitcoin and Marx’s Theory of History
What many people don’t know about Marx is that he admired capitalism as a creator of wealth. While he despised the way that it abused the labor of the proletariat (working class), he saw it as a necessary period on the way to socialism and, eventually, communism.After the Dollar
According to the Belgian economist Robert Triffin, an international monetary system based on a national currency is inherently unstable, owing to the resulting tensions among the inevitably divergent interests of the issuing country and the international system as a whole.The rise of the digital bank
Going digital doesn’t have to mean millions in new investment dollars or convulsive upheaval in IT. Caltech study confirms Warren Buffett was on the money
Money on the mind can lead to impulsive decisions that can either reward investors handsomely, or put them in the poor house.Heads or Tails? What the Future Holds for Bitcoin and ‘Altcoins’
Bitcoin has a lot of challenges it would need to overcome to become a part of the payment system.Fractional Reserve Banking Made Simple
Are there two claims on the same money? In a sense, yes, but that’s true with just about any savings vehicle. The money you’re lending is yours, you’re just not currently spending it, so it can be lent out. Voxplainer on Scott Sumner & market monetarism
Friedman thought central banks should expand the money supply at a pre-determined rate and do little else. Mary Holm: How to beat the exchange rate
Currencies are affected by many factors and the best bet is to move money in installments to spread the risk.The Rise of China's Shadow Banking System
The Chinese government's regulation of deposit interest rates has given rise to the shadow banking system that finances riskier borrowers and transactions that banks cannot undertake.