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 ...

Discover how managed currencies work, the role of central banks, and the benefits of exchange rate management in stabilizing ...

A central bank digital currency would be a liability of the Federal Reserve, not a commercial bank, the Federal Reserve said. Although central bank digital currency is being studied, there have been ...

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 ...

A central bank digital currency system is not launching in July. The Federal Reserve System is studying the benefits and drawbacks of such a system but has not proposed implementing it. It would ...

Money as a concept has been a cornerstone of human civilization and economic development. To start with the latter, money is a method of storing value and worth, and it also functions as a medium of ...

A recent study published by political scientists at Freie Universität Berlin, Christopher Olk and Louis Miebs, indicates that the global cryptocurrency system has been undergoing significant ...

Pennies are worth more dead than alive. That’s been true for a long time. Constant inflation, even at the low levels of the ...

For more than 80 years, the U.S. dollar has been central to the international financial system, in no small part because it is the primary global reserve currency. But as in politics, narratives are ...