What Is the Digital-Money Debate Really About? Both the US and Europe are moving to create digital money, but neither has the right idea abo...
A legal history of money and credit This essay’s purpose is to explain why gold is legal money and all else is credit. It is free for all to...
Credit is the basis of all economic activity Understanding credit is vital if we are to navigate our way through the coming fiat currency cr...
The bank credit creation process Banks simply lend credit into existence. Ideas that they are simply financial intermediaries, or that they ...
Understanding credit and its collapse It has been said that not one man in a million understands money. Even fewer understand credit. Yet we...
The outlook for 2025 Rising bond yields will be the surprise, ending the largest credit bubble in history. Central banks will probably infla...
