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Why did Bitcoin’s Price Increase by 24% in 90 minutes?
Volatility is to be expected for new media of exchange. But one should also be able to trace a lot of that volatility to news.
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Monetary Policy Rules Are Not Enough
A monetary rule would provide guidance and stability. But monetary rules are not incentive-compatible for monetary policy makers.
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The Costs of Dodd-Frank
The jury is still out on whether Dodd-Frank has made the financial system more robust. But we are starting to get a clearer picture of what impact it has had on compliance cost, bank lending, and bank consolidation.
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GAO Endorses Small Change
In a recent report, the Government Accountability Office recommends altering the metal content of the nickel and casts doubt on the benefits of suspending production of the penny.
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