The Fed's balance sheet crowds out bank lending, stifling economic growth.
Chartalists are right: debt preceded money. But that fact doesn’t do the work they think it does.
There are two reasons monetary policy cooperation might backfire.
The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.
On October 3, the Committee for Monetary Research and Education held a dinner in New York City featuring four distinguished speakers on the topic of blockchain technology versus fiat currency.