There is a wide and deep misunderstanding of the modern monetary system and the causes of inflation.MMT (modern monetary theory) describes how a floating-exchange monetary system works (in contrast to ...

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 ...

Why are central banks looking at blockchains? Central banks are tiptoeing into the world of blockchain not because it is fashionable but because every part of the money-making machine, from settlement ...