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Monetary Policy

Ones and Tooze Override Photo
Ones and Tooze Override Photo

What Does a Cryptocurrency Crash Portend for the Economy?

Should you be worried about cryptocurrencies’ instability?

A close-up of Erdogan speaking into a microphone in front of a Turkish flag
A close-up of Erdogan speaking into a microphone in front of a Turkish flag

Autocrats Are Exploiting COVID-19 to Weaken Central Bank Independence

The pandemic-induced economic crisis has created the perfect conditions for backtracking.

Committee Chair Rep. Maxine Waters (center) speaks as ranking member Rep. Patrick McHenry (left) listens during a hearing before House Financial Services Committee on Dec. 8 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.
Committee Chair Rep. Maxine Waters (center) speaks as ranking member Rep. Patrick McHenry (left) listens during a hearing before House Financial Services Committee on Dec. 8 in Washington, DC. The committee held a hearing on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.

Congress Takes on Crypto

Key Takeaways from the House Financial Services and Senate Banking Committees’ Cryptocurrency Hearings

An image of Bitcoin and U.S. currency is displayed on a screen in front of silhouettes of people.
An image of Bitcoin and U.S. currency is displayed on a screen in front of silhouettes of people.

Great Protocol Politics

The 21st century doesn’t belong to China, the United States, or Silicon Valley. It belongs to the internet.

Salvadoran President Nayib Bukele gestures in front of a huge screen that reads "Bitcoin City."
Salvadoran President Nayib Bukele gestures in front of a huge screen that reads "Bitcoin City."

Bitcoin Failed in El Salvador. The President Says the Answer Is More Bitcoin.

Salvadoran President Nayib Bukele is spinning new projects as fast as he can.

Future of Money - Cryptocurrency Database illustration
Future of Money - Cryptocurrency Database illustration

Future of Money – Cryptocurrency Database

Regulatory frameworks and approaches analyzed in Part II of this Power Map series have been collected in FPA’s Cryptocurrency Database, a navigable tool developed exclusively for FP Insider.

Future of Money - Part 3
Future of Money - Part 3

Future of Money – Part 3

A comprehensive picture of the forces and actors that are critical to understanding and navigating the future financial system.

Future of Money Part 2
Future of Money Part 2

Future of Money – Part 2

The widespread adoption of cryptocurrencies could undermine governments' control over monetary policies and disrupt global finance.

Future of Money - Part 1
Future of Money - Part 1

Future of Money – Part 1

Driven by perceived U.S. sanctions overreach, numerous countries now seek to circumvent the dollar-dominated financial system. Emerging technologies are paving the way.

French President Emmanuel Macron greets people at Félix Houphouët Boigny International Airport in Abidjan, Ivory Coast, on Dec. 20, 2019.
French President Emmanuel Macron greets people at Félix Houphouët Boigny International Airport in Abidjan, Ivory Coast, on Dec. 20, 2019.

Macron Isn’t So Post-Colonial After All

National sovereignty is one thing. Monetary sovereignty is another.

Syrian refugees recharge their mobile phones from an extension attached to the van of a nearby TV crew as they rest beside the highway on their way to the border between Turkey and Greece in Edirne, Turkey, on Sept. 17, 2015.
Syrian refugees recharge their mobile phones from an extension attached to the van of a nearby TV crew as they rest beside the highway on their way to the border between Turkey and Greece in Edirne, Turkey, on Sept. 17, 2015.

Cryptocurrency Isn’t All Bad

The blockchain holds the key to sustainable development for the world’s poorest people.

A Sotheby's NFT sale.
A Sotheby's NFT sale.

Are NFTs Always Bad?

The digital assets known as “nonfungible tokens” could help artists make money from their work.

A physical imitation of the Bitcoin cryptocurrency is displayed on foreign bank notes.
A physical imitation of the Bitcoin cryptocurrency is displayed on foreign bank notes.

Why Cryptocurrency Is Crazy—Like a Fox

Bitcoin’s already aging out, and central banks may lose in the race against whatever comes next.

An illustration combining images of Janet Yellen and Mario Draghi.
An illustration combining images of Janet Yellen and Mario Draghi.

Janet Yellen and Mario Draghi Have One Last Job

The U.S. treasury secretary and the Italian prime minister have spent decades shaping this economy. But can they control what comes next?

Roman Catholic Cardinal and Archbishop of New York Timothy Dolan and Mitt Romney attend the 67th Annual Alfred E. Smith Memorial Foundation Dinner at the Waldorf-Astoria Hotel on Oct. 18, 2012 in New York City.
Roman Catholic Cardinal and Archbishop of New York Timothy Dolan and Mitt Romney attend the 67th Annual Alfred E. Smith Memorial Foundation Dinner at the Waldorf-Astoria Hotel on Oct. 18, 2012 in New York City.

America Is Learning to Reject Socialism, but Love the Welfare State

Some Republicans are taking steps toward Europe’s model of religiously inspired social assistance.

Treasury Secretary Janet Yellen, right, listens as President Joe Biden speaks about the economy in the State Dining Room of the White House in Washington on Feb. 5.
Treasury Secretary Janet Yellen, right, listens as President Joe Biden speaks about the economy in the State Dining Room of the White House in Washington on Feb. 5.

Big Government Is Back

The pandemic has discredited decades of free market orthodoxy—but not all visions of state interventionism are progressive.

An Afghan moneychanger counts U.S. dollar notes
An Afghan moneychanger counts U.S. dollar notes

America’s Currency Is as Weirdly Outdated as Its Political Structure

The dollar’s aesthetic conservatism is a sign of how hard reform is in the United States.

The Swiss National Bank presents the new 1,000-franc note to the press in Zurich on March 5, 2019.
The Swiss National Bank presents the new 1,000-franc note to the press in Zurich on March 5, 2019.

Trump Leaves Biden Administration a Parting Gift in Currency Wars

The Treasury’s decision to label both Switzerland and Vietnam currency manipulators was unusual—and leaves the Biden administration with some tough choices to make.

President Donald Trump walks with Jerome Powell at the White House in Washington on Nov. 2, 2017.
President Donald Trump walks with Jerome Powell at the White House in Washington on Nov. 2, 2017.

The West’s Constitutional Crises Threaten the Economy’s Last Best Hope

Central banks have kept their economies afloat this year—but political dysfunction is pushing them past the breaking point.

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