cash

The Fed’s Liquidity Confusion

– July 14, 2020

“Fed lending to nonbank companies and municipalities is not liquidity provision; it’s credit allocation. It’s an area in which the Fed should not be involved.” ~ Thomas L. Hogan

READ MORE
piggy bank

What Can Be Done to Remedy the Coin Shortage?

– July 8, 2020

“The US Mint could focus all of its resources on producing dimes and quarters, not silly pennies. This would put an end to the US’s coin shortage, almost immediately.” ~ J.P. Koning

READ MORE
money, bomb, spark

Global Money Supply Growth and the Great Inflation Getaway

– June 30, 2020

“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy to full-employment, consumer price inflation will get away.” ~ Colin Lloyd

READ MORE
federal reserve building, chicago

The Reluctant Fed

– June 26, 2020

“Fed officials should follow the example set by Ben Bernanke. They should be ‘extremely reluctant’ to engage in facilities like the MSLP, SMCCF, and PMCCF. Such programs are ‘outside the range of [the Fed’s] responsibilities.’ They are fiscal policies that ‘are best resolved by Congress’ since they require ‘balancing political and social priorities.'” ~ Thomas L. Hogan

READ MORE

Should Those Passing Counterfeits be Treated like Counterfeiters?

– June 24, 2020

“It seems odd that the crime of uttering currency is considered to be so grave an offense in this day and age. Reducing the punishment might cause law enforcement officers to approach cases of uttering as they do other less serious, non-violent offenses.” ~ J.P. Koning

READ MORE
federal reserve building

COVID-19 Made the Federal Reserve Sick

– June 24, 2020

“The change in the Fed’s mandate is not something we can afford to ignore. Its new policies come with significant economic and political costs. If we do not come to grips with them, the Fed might not be able to help much when the next crisis hits.” ~ Alexander W. Salter

READ MORE