While our modern monetary system certainly has plenty of detractors, one of its successes is that we no longer need the services of th...

A few months ago Vijay Boyapati asked me to " steel-man " the bubble theory of money. The bubble theory of money, which can o...

Earlier this month the following tweet elbowed its way onto my Twitter timeline: The tweet comes from Anthony Pompliano, aka Pomp, who ...

Nations never experience year-over-year declines in cash in circulation. Sweden (which I wrote about here , here , and here ) is one of t...

 A strange new bank called TNB, or The Narrow Bank , recently applied to get a clearing account at the Federal Reserve Bank of New York, ...

I executed one of the oddest financial transactions of my life earlier this week. I did Norbert's Gambit. These days a big chunk of...

SWIFT headquarters in Belgium ( source ) German foreign minister Heiko Maas recently penned an article in which he said that "it’...

A few centuries ago, lack of fungibility used to be a big weakness of monetary systems. But technological and legal developments eventua...