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
Cryptocurrencies, Blockchain, and Public Choice
RM Yonk, D Waugh
Cryptocurrency Concepts, Technology, and Applications, 2023
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
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
Seigniorage payments and the Federal Reserve’s new operating regime
BP Cutsinger, WJ Luther
Economics Letters 220, 110880, 2022
RE Wright
Journal of Interdisciplinary History 52 (4), 624-626, 2022
Articles
Was the OnlyFans Ban a Symptom of Creeping Financial Censorship?
“It is unfortunate that OnlyFans content creators were nearly deplatformed. However, it seems to be a local incident, and not indicative of a global decline in accessibility to payments.” ~ J.P. Koning
El Salvador’s Bitcoin Introduction Hits Early Snags
“Other nations would be well advised to use El Salvador’s missteps as a guide for their own such attempts. And to suffuse their embrace of crypto beyond considerations of technology, observing its fundamentally libertarian spirit as well.” ~ Peter C. Earle
Government Opposition to Bitcoin
“Government obstacles to widespread adoption take many forms, from mere transaction policy to outright bans on alternatives while providing close substitutes in the form of central bank digital currencies.” ~ William J. Luther
Bitcoin and the Network Effects Problem
“There are steps entrepreneurs can take to help reduce the network effects problem. It is, nonetheless, an obstacle bitcoin must overcome to achieve widespread adoption.” ~ William J. Luther
Jerome Powell’s Quest for Economic Stability is Destabilizing
“By trying to pursue their declared goals through the monetary and interest rate policy tools at their disposal, they are, in fact, continuing to imbalance and wrongly ‘twist’ the real economy in ways that will result in instability.” ~ Richard M. Ebeling
Lessons from the Financial Instability Hypothesis
“The Covid-19 recession was not triggered by financial causes, but the ballooning government debt the U.S. is currently pursuing, recklessly and with a vengeance, can only substitute a new unsustainable expansion for a sustainable recovery.” ~ Robert F. Mulligan