The Federal Reserve left its key borrowing benchmark at a decade-plus high of 4.25-4.5 percent, as inflation stays elevated.

The Smoot-Hawley Tariff Act of 1930 kneecapped America's ability to escape the Great Depression, and today's trade wars look ...

In my previous post, I explained how the real-bills doctrine originally espoused by Adam Smith was later misunderstood and misapplied as a policy guide for central banking, not, as Smith understood it ...