What Musk described is indeed how the global financial system works. The U.S. government can create money out of thin air.

The traditional financial system has long been the backbone of global commerce, enabling economic growth. However, despite its many strengths, the system is fraught with barriers. Emerging ...

More than ever, robust financial investments are needed to support the global food system. A new World Bank discussion paper, Making Climate Finance Work in Agriculture, examines innovative ways to ...

a strategist for single-family offices who currently works with Oaktree Solutions, based in Brooklyn, New York. Prince is also the author of "Optimizing the Financial Lives of Clients." ...

Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was ...