Here's a conundrum. Many commentators have been trying to puzzle out why stocks have been continually hitting new highs at the same ti...

Central bankers are usually classified as either hawks or doves. This post is devoted to a third and rare breed; today's monetary pol...

Here's an interesting fact. Remember all those worthless Zimbabwe paper banknotes? The Reserve Bank of Zimbabwe (RBZ), Zimbabwe'...

Paul Krugman has two posts discussing the effective lower bound to interest rates. The first I agree with, albeit with a caveat, and th...

If you've been reading Bill Gross's last few letters, you'll know that he's been a bit grumpy of late. It's that dan...

The Swedes really don't like cash. First, consider that Sweden is the only country in the world that I'm aware of where reliance ...

For lazy central bankers, this post describes three lite strategies for getting interest rates below the zero lower bound. Rather than ...

Canada trails the U.S. is a common refrain, but not when it comes to payments. Courtesy of the Interac e-transfer service , Canadians h...

The price of bitcoin is a capricious thing. Imagine that you've saved enough bitcoin to take your significant other out to a fanc...