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April 19, 2023

By Doug French

From Discipline to No Discipline: The Sorry Evolution of Modern Banking

Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.

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By Ryan McMaken

Money-Supply Growth Fell to a 50-Year Low in February. Will the Fed Panic?

With negative growth now dipping below negative 6 percent, money-supply contraction is approaching the biggest declines we've seen in decades.

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By Jack Williams

The Economics of Arts and Culture

Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

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