Topic: Central Banking

Central Banking, Free Banking, Monetary Policy, Sound Money Project, Taxation

The Costly Late Arrival of FedNow

– August 29, 2023

“Policy makers should ensure that the US payment landscape is efficient, accessible, and beneficial for all stakeholders involved with as little government involvement as possible.” ~ Nicolas Cachanosky

Central Banking, Currency, International, Monetary Policy

The Rise of BRICS-11

– August 28, 2023

“The explicit BRICS goals, which include expanding the reach of the New Development Bank, closer trade cooperation, and a dollar-alternative currency are undoubtedly viewed as a means to alleviate the perennial woes of economic mismanagement. And, of course, to slip Western spheres of influence.” ~ Peter C. Earle

Central Banking, Inflation, Monetary Policy, Sound Money Project

Whipped Inflation Now

– August 26, 2023

“The battle for 2 percent inflation has already been won. Fed officials should acknowledge and celebrate the victory.” ~ William J. Luther

Central Banking, Fiscal Policy, Monetary Policy, Sound Money Project

A Macroeconomic Agenda for Freedom Conservatives

– August 25, 2023

“It’s time to hit the brakes on modern monetary theory, functional finance, and anything else that justifies using the federal budget as an instrument of social control.” ~ Alexander W. Salter

Central Banking, Financial Markets, Gold Standard, International

Dedollarization, the BRICS Expansion, and Sound Money

– August 24, 2023

“Russia and China are leading an effort to not only strengthen cooperation between the five nation BRICS core but to expand the membership of BRICS into a ‘BRICS+.’” ~ Peter C. Earle

Central Banking, Inflation, Monetary Policy

Inflation: Expected and Unexpected

– August 21, 2023

“Expectations may be rational, but this doesn’t mean they’re right. And, this doesn’t mean there won’t be hell to pay when they’re wrong.” ~ Clifford Thies

Central Banking, Inflation, Monetary Policy, Sound Money Project

Alan Blinder’s Inflationary Incoherence

– August 16, 2023

“There’s nothing wrong with making incorrect predictions. It happens to all of us. There is something wrong with obstinacy in the face of overwhelming contradictory evidence..” ~ Alexander W. Salter

Central Banking, Inflation, Monetary Policy

Disinflation Dreams and Keynesian Confusion

– August 14, 2023

“America’s central bank has a lot of work to do to restore its lost credibility. Nevertheless, we have reasons to be optimistic.” ~ Alexander W. Salter

Central Banking, Monetary Policy, Sound Money Project

The Federal Reserve’s Quasi-Fiscal Deficit

– August 6, 2023

“Although realizing losses—or, running quasi-fiscal deficits—is new to the Fed, it is more common in developing countries. The consequences of running quasi-fiscal deficits include inflation and lack of central bank credibility.” ~ Nicolas Cachanosky

Central Banking, Monetary Policy, Sound Money Project

Waller Explains Why the Fed is Still Raising Rates

– August 6, 2023

“While Waller sees the recent slowdown in inflation as positive, he is not ready to declare victory as it is only a single data point.” ~ Bryan P. Cutsinger

Central Banking, Inflation, Sound Money Project

The Fed Hits 3,000 Percent Inflation

– August 3, 2023

“US inflation was not always as persistently high as it has been under the Fed. Before the Fed, the purchasing power of the dollar was determined by supply of and demand for gold.” ~ Thomas L. Hogan

Central Banking, Inflation, Monetary Policy, Sound Money Project

Disinflation good, Fed bad

– August 2, 2023

“There’s no way for non-market actors to direct credit more reliably than market actors. The discipline of profit and loss is essential.” ~ Alexander W. Salter