Topic: Central Banking

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

Central Banking, Currency, Gold, Monetary Policy

A World Dedollarized is Gold Remonetized

– August 1, 2023

“What matters is having a ready means of transacting outside dollar-based systems and institutions in exigent circumstances: to maintain continuity of trade, and to hedge against the policy errors of central bankers.” ~ Peter C. Earle

Central Banking, Inflation, Monetary Policy, Sound Money Project

Will Lower Inflation Halt Rate Hikes?

– July 29, 2023

“No matter how you slice it, real rates look sufficiently restrictive to bring down inflation. Indeed, they may be overly restrictive at this stage in the tightening cycle.” ~ William J. Luther

Central Banking, Inflation, Monetary Policy

FOMC Raises Rates in July

– July 26, 2023

“The Fed’s experiment with ‘average inflation targeting,’ which made policy even more discretionary and hence less predictable, has been a failure. It’s time for the Fed to recommit to credible price stability.” ~Alexander W. Salter

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

Central Bankers, Let the Price System Work!

– July 26, 2023

“Congress is free to define ‘price stability’ however it wishes. If it wants a strict inflation target in all circumstances, that’s its right. But legislators would be well-advised to pay close attention to the microeconomic foundations of monetary policy.” ~ Alexander W. Salter

Central Banking, Economic Trends, Policy, Property Rights

No Place to Lay Your Head: How Economic Policy Makes Housing Unaffordable for Young Working Families

– July 24, 2023

“There’s artificial scarcity in housing markets, but in that case it’s the planners themselves who put housing in such short supply – and at consequent high prices.” ~ H. Shelton Weeks and Victor Claar

Authoritarianism, Central Banking, Currency, Technology

CBDCs: A Weapon for Debanking the Banked

– July 23, 2023

“Even if you think that a CBDC is a good idea, consider that its power may be turned against you when the political pendulum shifts in your direction and your views or activities are suddenly considered taboo or illegal by those in power.” ~ Emile Phaneuf III

Central Banking, Currency, Inflation, Monetary Policy

Fed Up with Tightening?

– July 19, 2023

“Provided the recent monthly inflation figures give us an accurate forecast, the real federal funds rate is significantly above the natural rate. This indicates monetary policy is restrictive.” ~ Alexander W. Salter

Central Banking, Inflation, Monetary Policy

Disinflation is Welcome, but the Fed’s Job Isn’t Done

– July 12, 2023

“The Fed may not need to tighten any further, depending on how markets continue to react to its recent policy changes. But this is no time for complacency.’ ~ Alexander W. Salter

Central Banking, Cryptocurrency, Currency

DeSantis Takes the Lead on Fed Reforms

– July 6, 2023

“According to DeSantis, political elites want to ‘regulate [bitcoin] out of existence’ because it threatens their plans for social control. He’s right.” ~ Alexander W. Salter

Central Banking, Inflation, Sound Money, Sound Money Project

Inflation is Slowing. Will the Fed?

– July 2, 2023

“Monetary policy works with long and variable lags. Inflation is slowing, but it will take some time to come down. Fed officials should not be too concerned about elevated core inflation.” ~ William J. Luther

Central Banking, Currency, Inflation

Don’t Raise the Target; Change the Framework

– June 29, 2023

“By adopting a nominal spending target, the Fed would embrace a regime that provides clear guidance on the required spending level during times of crisis. This shift would enhance the Fed’s ability to navigate economic downturns effectively.” ~ Nicolás Cachanosky