Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as ...

Banks are very nervous about stablecoins. Art Wilmarth, writing in Open Banker, summarized what I take to be the view of the banking establishment, saying that because of the "intolerable threats” to ...

We may be on the verge of a revolution in monetary finance that is the century-long dream of many prominent economists. Financial innovation is laying the foundation for their dream just as the U.S.

Stablecoins are the crypto du jour. The hype has been turned up several notches after the passage of the GENIUS act. I wrote about the genius of the GENIUS act. The genius of the act is to convince ...