Bubbles occur all the time, along with financial inventions. The most recent, and controversial, launched in 2009: A virtual currency called Bitcoin that enabled holders to trade directly and to hide their assets from governments.

How do governments "create" money? That is the very relevant question a Sun reader asked me after reading one of my columns. Well, physical cash is only a tiny portion of existing money. Most of it nowadays simply exists as digits in computers. Granted, monetary economics is one of the most boring and technical topics in the field of economics. But given what is at stake in this risky experiment, we all have an interest in better understanding what is going on.

The contention that governments, not banks, should create and lend a nation's money has rarely even made the news, so this is a first. Either the times they are a-changin', or Victoria finally managed to frame the message in a clear, simple way.

For nearly 20 years, Alan Greenspan was the most powerful banker in the world as chairman of the Federal Reserve Board until 2006. Here, Greenspan speaks with National Post Editor-at-Large, and Huffington Post contributor Diane Francis regarding the eurozone crisis.

Investors are often warned about October, a month that is notorious for market slides and crashes, and this October is off to an early start. With ...

TORONTO - Fears that a suffocating debt crisis could choke the life out of the world's delicate economic recovery battered the world's stock markets T...

PARIS - The U.S. Federal Reserve's tacit acknowledgment that America's economic slowdown is likely to persist for quite a while sent global stock mark...

JACKSON HOLE, Wyo. (AP) -- Chairman Ben Bernanke is proposing no new steps by the Federal Reserve to boost the economy while hinting that Congress may...

TORONTO - The Canadian dollar was higher Friday as U.S. Federal Reserve chairman Ben Bernanke tried to reassure markets about economic prospects while...

The price of gold plummeted some $200 in Thursday trading from its record highs earlier this week, taking the steam out of a commodity that has been b...

Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as ...

MILAN - Global stocks slid again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe's debt crisis, which is stokin...

Desjardins Securities expects the next Bank of Canada rate hike will not come until mid-2013, saying the Federal Reserve's pledge to hold U.S. rates n...

TORONTO - The Toronto stock market closed nearly 400 points lower Thursday amid a global selloff sparked by weak economic reports that spooked already...

UPDATE: The Dow Jones Industrial Average plummeted 400 points in its first 90 minutes of trading Wednesday, promising another highly volatile day on t...

WASHINGTON - The Federal Reserve sketched a dim outlook for the economy Tuesday, suggesting it will remain weak for two more years. As a result, the F...