Tax Cryptocurrencies as Money, Not Property
Gerald P. Dwyer
September 6, 2024
“Treating cryptocurrencies like property for tax purposes discourages people from using them like monies.” ~Gerald Dwyer
Monetary Economics
Monetary policy influences inflation, employment, and economic activity. A stable but dynamic monetary system is vital for supporting economic growth, individual liberty, and a prosperous society. Therefore, we examine the causes and consequences of monetary policy (including inflation), identify ideal and practical steps towards a better monetary policy regime, and look at monetary alternatives and financial regulation.
Research Publications for Monetary Economics
TL Hogan
OP-1793,'Principles for Climate-Related Financial Risk Management for Large …, 2023
General Institutional Considerations of Blockchain and Emerging Applications
PC Earle, DM Waugh
The Emerald Handbook on Cryptoassets: Investment Opportunities and …, 2023
Cryptocurrencies, Blockchain, and Public Choice
RM Yonk, D Waugh
Cryptocurrency Concepts, Technology, and Applications, 2023
War, money & economy: Inflation and production in the Fed and pre-Fed periods
TL Hogan, DJ Smith
The Review of Austrian Economics, 1-23, 2022
The Value of Bitcoin in the Year 2141 (and beyond!)
JR Hendrickson, WJ Luther
The Economics of Blockchain and Cryptocurrency, 51-68, 2022
Cash, crime, and cryptocurrencies
JR Hendrickson, WJ Luther
The Quarterly Review of Economics and Finance 85, 200-207, 2022
Articles
Inflation Slightly Below Target in July
William J. Luther
August 30, 2024
“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther
Understanding Public Debt
Thomas Savidge
August 20, 2024
The size and scope of the national debt is enormous, and like all debt is driven by the reality of spending exceeding resources and an expectation that future taxpayers will be able to pay for today’s programs and activities.
The Permanent Temptation of All Governments
Alex Pollock
August 20, 2024
“The math of 2 percent compound shrinkage demonstrates that the Fed wants to depreciate the dollar’s purchasing power by 80 percent in each average lifetime. Somehow the Fed never mentions this.” ~Alex Pollock
The Federal Reserve and Pandora’s Box
Paul Mueller
August 16, 2024
“In the name of preventing a second Great Depression, then-Fed Chairman Ben Bernanke opened a Pandora’s Box of monetary ills in 2008. And like the Greek myth, there may be no way of putting these ills back in the box.” ~Paul Mueller
Moderate Inflation Returns in July
Alexander W. Salter
August 14, 2024
“To judge whether monetary policy is loose, it is not enough to show that monetary aggregates are growing at historically low rates. What matters is whether the money supply is growing faster than money demand.” ~Alexander W. Salter
