For more than 125 years, the United States had a gold-coin, silver-coin monetary system. No, it was not a paper-money system ...

Central banks set policy to support the economy, provide liquidity, and promote financial stability. Modern central banking ...

Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...

Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

The ongoing feud between President Trump and Fed Chairman Jerome Powell centers on interest rates. This tells us more about the near-universal view of what constitutes monetary policy than it does ...

The Federal Reserve may need to suspend the process of shrinking its balance sheet if liquidity drains too quickly from markets The Federal Reserve might need to stop shrinking its balance sheet soon, ...

The Federal Reserve has slowed the reduction of its securities portfolio, now averaging just under $3.3 billion per week since August 27, 2025. The Fed has recently lowered the Federal Funds rate by ...

MONETARY authorities have dismissed rumors of off-cycle rate cut following markedly weaker third-quarter economic growth.

Tim Berners-Lee suggests the web’s flaws requires regulation to fix. But the problem doesn't lie in design alone: The entire fiat-based monetary system exerts pressure that distorts incentives and has ...

The Federal Reserve’s multiyear process of shrinking its balance sheet, which now stands at $6.6 trillion, might soon need to end if liquidity becomes more scarce, according to John Velis, Americas ...