Jerry L. Jordan
The Inflation Tax
Can you name an official at a major central bank who expresses worries that inflation is now, or soon will be, too high? Can you identify any financial publication–even the […]
Here’s Where All That Chinese Money Came From
Have you read about tens of billions of U.S. dollars — sometimes over $100 billion — “flowing out of China” every month?
“Strong” and “Weak” Currencies
Is a “strong dollar” good or bad? If the currency of another country is pegged to the US dollar, and the US dollar is “strong,” is that good or bad […]
Tools of Monetary Policy
For several decades the money we use in everyday life is “fiat currency.” That is, it is created by central banks and its value is not anchored to anything of […]
Monetary debates
In recent decades, the “big debate” among monetary economists and policy makers was “Rules versus Discretion.” That debate accepted that the various tools/instruments available to monetary policymakers are well known. […]
Op-ed: What Brexit means for the euro
This article originally appeared in Forbes International political and economic news in recent weeks was filled with stories and analyses of the United Kingdom referendum to leave the European Union […]
The contractionary, contradictory nature of negative interest rates
A negative interest rate imposed by a central bank on reserve balances of commercial banks is not an interest rate at all. It is a tax. As such, like all taxes, […]
Op-ed: The age-old problem of low interest rates
This piece originally appeared in Forbes Earlier this year, Michael Walker of the Fraser Institute in Vancouver, Canada released a paper that deserves the attention of everyone interested in the subjects of central […]
Should Italians be crucified on a cross of euros?
There is no doubt that ordinary Greeks feel that they have been financially crushed by the foreign-creditor-mandated austerity policies in recent years. The nation’s real output has been declining for […]
Helicopter money: dropping money from the sky?
In the past few years, most major central banks have failed to achieve the higher rates of inflation they claim to want. They tried both “quantitative easing” and “zero-interest-rate policies” […]
