"Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability...
"Today Americans celebrate 246 years of independence from the British Empire. On this day in 1776 the Founding Fathers made a declaration. It was...
“In my lifetime I have seen many technologies emerge. The Internet. Pocket super computers. Digital music. And the old guard fought it, tried to...