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Three Things You Should Know About the Great Recession

– March 5, 2019

The Great Recession of the 2000s shaped a generation of macro- and monetary economists. We can debate the details. But three things warrant widespread agreement.

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Postmodern Monetary Theory

– February 26, 2019

How the strange funding scheme behind the Green New Deal rejects the scientific foundations of economics

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A Failure to Communicate

– February 12, 2019

Central banking should be boring. Surprises in the stance of monetary policy are almost always a bad thing. The best thing a central bank can do to achieve macroeconomic stability is to be very open about its future intended policies.

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Eight Questions We Should Be Asking about Economics

– January 23, 2019

We rely on competitive markets to supply us with “correct” quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the “correct” quantity of money?

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Powell’s Game Plan

– January 17, 2019

Chairman Powell’s track record suggests that he has a grasp on fundamentals and that he is dedicated to reversing a decade of monetary imbalance.

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Should Central Banks Lock Out Non-Bank Payment Providers?

– January 10, 2019

That one set of payments providers gets access to the core payments system while another is shut out seems quite arbitrary.

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The Fed is Hostile to a Self-Governing Society

– January 9, 2019

While it is appropriate for monetary policy to be removed from active political interference, it does not follow that monetary policy ought not be judged according to democratic standards.

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The Dangers of Negative Interest Rates and a Cashless Economy

– January 9, 2019

Interest rate manipulations by central banks through monetary policy are similar to price controls on other goods.

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Argentine Risk

Why Is Country Risk Rising in Argentina?

– January 7, 2019

Argentina has secured an IMF agreement and announced aggressive policies to reduce its fiscal deficit and inflation rate. But that might not be enough to comfort its creditors.

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Edward Stringham on Fed Policy (Video)

– January 2, 2019

The Federal Reserve raises interest rates despite pressure from President Trump. Watch AIER President Edward Stringham discussing the Fed decision on Fox Business.  

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ECB Opens Real-Time Retail Payments System

– December 27, 2018

European payments just got a whole lot faster. But faster speeds come at a cost.

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Bloated Fed Not Ready for Next Recession

– December 27, 2018

The Fed’s failure to shrink its balance sheet and commitment to paying above-market interest on reserves could undermine its ability to combat the next recession.

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