federalreserve

Fed Lending Programs Might Be Legal, but They’re Still Bad Policies

– May 31, 2020

“Congress should not use the Fed to accomplish fiscal goals through monetary means. There is no good reason to give the Fed a free pass just because their irresponsible decisions come with statutory cover.” ~ Alexander W. Salter

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R.I.P. Richard H. Timberlake

– May 26, 2020

“Timberlake provided a blueprint for future sound money scholars to conduct thorough and well-respected research on monetary theory and history.” ~ Scott Burns

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The Ideal Money Is Global

– November 6, 2019

The optimal currency area is the maximum currency area.

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This Is Not QE4, Yet

– September 18, 2019

The Fed Repo headlines are worth watching, but not worth losing sleep over.

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twopillars

Judy Shelton and the Dual Mandate Debate

– August 23, 2019

Shelton is right to criticize the full-employment aspect of the Fed’s dual mandate.

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judysheltonfed

Judy Shelton on Competitive and Private Currencies

– July 17, 2019

A government money monopoly, writes Judy Shelton, “invites a more sinister abuse of government power – even tyranny – as government precludes market entry to alternative issuers.”

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