Each economic crisis brought on by loose money brings on a “solution” of...looser money. This pattern is not just a threat to ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

Even Milton Friedman—who never supported gold as money—admitted that a monetary system based on gold would “take care of ...

Monetary policy guides inflation and economic growth. Learn what it means, the main types, and how central banks manage interest rates and stabilize the economy.

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 ...

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 ...

The crisis of the past two years has underscored the connections between monetary policy, which seeks to foster maximum employment and price stability, and regulatory policy, which works to protect ...

According to a 2025 report by the People's Bank of China, the RMB is now the world's third most-used currency for trade ...

This model may define the next generation of global finance, shaped by digital adoption, institutional evolution and ...

The current dysfunctional monetary system 1) causes environmental degradation and 2) its reform will allow a substantial contribution to climate finance. There exists a strong correlation between the ...

Learn how central banks use forward guidance to shape economic expectations and guide monetary policy decisions. Explore key ...