Sam Gregg writes this morning on the moral aspects of inflation and monetary policy.

Why were banks forbidden from paying interest up until 1970? What problems did this cause the banking industry before the 1970s? How did the government try to rectify these problems?

What is a credit crunch? What is disintermediation?

Why did Congress pass DIDMCA in 1980? What did it do?

What is universal banking? What are some advantages and disadvantages to universal banking? Can the banking system in the US today be characterized by universal banking?