Topic: Central Banking

Central Banking, Inflation, Monetary Policy

Are Supply Chain Issues Driving Inflation?

– June 8, 2022

“Inflation can be a serious problem, especially if it becomes persistent. Yet, the willingness of politicians to blame supply disturbances and corporations rather than acknowledging that loose monetary policy is largely responsible for today’s inflation is even more worrisome.” ~ Nicolás Cachanosky

Books, Central Banking, Government, Monetary Policy

Money and the Rule of Law: Looking Back After a Year

– June 7, 2022

“We face even more difficult challenges ahead. We who believe in good economics and prudent political economy have our work cut out for us if we want to bring the rule of law to central banking.” ~ Alexander William Salter

Authoritarianism, Central Banking, Government, Video

CBDCs and the Fed (Video)

– June 4, 2022

“This two-part video series, featuring Kate Wand and Thomas Hogan, explores the possibilities and dangers of the United States implementing its own central bank digital currency.” ~ AIER

Central Banking, Inflation, Monetary Policy

When Did The Fed Change Its Tune?

– June 3, 2022

“The Fed could have—and should have—taken prompt action to bring down inflation. It didn’t. Now inflation is much higher—and much harder to deal with—than it otherwise would have been.” ~ William J. Bergman & William J. Luther

Central Banking, Economic Education, Inflation, Media

When Should the Federal Reserve Have Moved on Inflation?

– May 12, 2022

“Last month, I joined Caleb Brown on the Cato Daily Podcast. We discussed how inflation—and our understanding of inflation—evolved over the last year, when the Fed should have moved on inflation, and how much grace the Fed deserves when we evaluate its monumental miss.” ~ William J. Luther

Central Banking, Environmentalism, Free Markets, Regulation

Operation Climate-Change Choke Point

– May 11, 2022

“The Fed—an institution that, time and again, has proven that it cannot forecast the inflation rate or GDP growth over the next three months let alone years into the future—gets to decide what level of individual bank losses are ‘accurate’ in these hypothetical climate apocalypse scenarios.” ~ Paul H. Kupiec

Central Banking, Crisis, Government, Inflation

The Renewed Politicization of the Federal Reserve

– May 5, 2022

“Central bank independence can only be maintained by focusing on the narrow goals assigned by Congress. By straying from its mandate, Fed officials have chosen to base their decisions on politics rather than on sound economics.” ~ Thomas L. Hogan

Central Banking, Crisis, Inflation, Monetary Policy

The Fed is Responsible for Great Inflations

– May 3, 2022

“It’s time the Fed accepts responsibility and moves decisively to curb inflation before the problem gets even worse. Volcker’s Fed whipped inflation, and Powell’s Fed can, too.” ~ Nicholas Curott & Tyler A. Watts

Central Banking, Economic Education, Monetary Policy

Asymmetric Average Inflation Targeting and Expectations

– April 27, 2022

“A conventional average inflation target would have anchored expectations and reduced the inflation risk of long-term contracting, promoting economic growth in the process. An asymmetric average inflation target falls far short of that goal.” ~ William J. Luther

Central Banking, Inflation, Monetary Policy

Yes, the High Inflation Rates Will Continue in 2022

– April 24, 2022

“A shift to a more restrictive monetary policy to control inflation is likely to result in a recession. One can only hope that the Fed is able to handle this transition better than it has handled the monetary policy of the recent past.” ~ James D. Gwartney & David Macpherson

Central Banking, Economic Education, Monetary Policy

Mandate Drift at the Fed Is Par for the Course

– April 24, 2022

“We must decide, so long as we have a central bank, what we want it to do. The best feasible reforms tighten the Fed’s leash. A constrained Fed is a competent Fed. A drifting Fed is a danger to the public.” ~ Alexander William Salter

Central Banking, Crisis, Gold, International

A Note on the New Russian “Gold Standard”

– April 8, 2022

“Despite the clamor of incorrect headlines, Russia’s embrace of gold amid awful circumstances remains a positive step. Gold is tangentially being utilized to make an existing money more sound.” ~ Peter C. Earle