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.
Cash, crime, and cryptocurrencies
JR Hendrickson, WJ Luther
The Quarterly Review of Economics and Finance 85, 200-207, 2022
“Blame for this grim outcome will likely fall at the feet of the usual suspects, ‘neo-liberal’ policies and unfettered markets. Meanwhile the true culprits, the global fiat currency regime and unrepentant central bankers, will be absolved of their sins.” ~ Christopher Lingle
“It remains to be seen if a further legacy of our several decades of accelerating fiscal profligacy and expansionary monetary policy will turn out to be a permanent reversal of our progress in labor participation and equality.” ~ Robert F. Mulligan
“Inflation will be noticeably higher in 2021 than it has been in some time. An important question is whether it will be followed by the widely predicted lower inflation or by higher inflation in subsequent years.” ~ Gerald P. Dwyer
“What we can do at this point is to look back at key points where we could have stopped them falling – like taking seriously the idea of a limited government and the principle of sound money – and ensure that, when the dust settles, we warn future generations not to repeat those errors.” ~ Antony Davies
“Tether will be publishing its next pie chart sometime in the middle of August. Given its flagging issuance, Tether has every reason to do a better job than before. The whole cryptocurrency world will be watching.” ~ J.P. Koning
“The problem, of course, is that the Fed has always been under constant political pressure, but even when it is acting independently, its adventurism can and has ended poorly. To combat this, the authors argue that the Fed should be bound by explicit rules that constrain it from exercising broad discretion.” ~ Ethan Yang
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