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.

Articles

Understanding the Covid-19 Recession

Robert Mulligan July 20, 2021

“National debt ballooned together with the Fed’s balance sheet even before the pandemic hit, and once it did we’ve been spending with unprecedented recklessness for relief, recovery, and even supposed infrastructure expansion. Spending this wealth that has yet to be created guarantees, not just future inflation, but a future recession.” ~ Robert F. Mulligan

Not Smart Financial Regulation

Thomas L. Hogan July 16, 2021

“U.S. financial regulators approved the NSFR despite the fact that their own evidence showed the costs of the rule exceed its benefits. That’s Not Smart Financial Regulation.” ~ Thomas L. Hogan

Appreciating F. A. Hayek’s Insights on Money and the Business Cycle

Richard M. Ebeling July 13, 2021

“Hayek’s monetary and business cycle writings from 90 years ago, and his many contributions to the general understanding of the dynamic market process and the limits to government omniscience, are and will be crucial to that task of fighting for the free and prosperous society.” ~ Richard M. Ebeling

The Monetary Genius of Arthur Laffer

John Tamny July 9, 2021

“How Arthur Laffer dealt with Milton Friedman on a monetary matter of utmost importance says so much about his genius as a thinker, but it also says it all about him as a person. He’s kind and generous in addition to being brilliant. Read The Emergence of Arthur Laffer to see why.” ~ John Tamny

The Adverse Economic Consequences of “Basic Income”

Daniel Mitchell July 8, 2021

“Swiss voters overwhelmingly rejected a referendum for basic income back in 2016. Further, Joe Biden expressed skepticism about the idea back in 2017, but he obviously has had a change of heart, given his current support for big, per-child handouts.” ~ Daniel J. Mitchell