Why Aren’t Anti-Money-Laundering Regulations Adjusted for Inflation?

– January 23, 2020

Banks and other financial institutions are required by law to implement measures for catching money launderers. Over the decades, these obligations have been getting more onerous due to new rules and the tightening of existing rules. They have also bec …

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Winner, Winner Chicken Dinner

– January 16, 2020

The latest consumer price index report marks the end of a nearly seven-year bet with my dissertation advisor — a bet that I have officially won.

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LIBOR Is Out, SOFR Is in: What It Means

– October 30, 2019

That the LIBOR fixings were manipulated was an open secret among financial market participants stretching back to the late 1980s

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GAO Endorses Small Change

– May 12, 2019

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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MMT Is a Recipe for Revolution

– April 2, 2019

MMT in the colonial period often led to periods of ruinous inflation and, less well-understood, revolution-inducing deflation.

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What Should Modern Monetary Theory Learn From Argentina?

– March 27, 2019

Can governments run large fiscal deficits financed with new money without generating significant inflation? The experience of Argentina calls this view into doubt.

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