Topic: Central Banking

Ramaswamy on CBDC

“GOP lawmakers absolutely should head CBDC efforts off at the pass, and the party’s presidential candidates should support that rejection.” ~ Alexander W. Salter

Dethroning the Almighty Dollar?

“In a poll taken by the World Gold Council, 24 percent of the central banks surveyed intend to continue to purchase gold, and that in summary, ‘Central banks’ views toward the future role of the dollar were more pessimistic than in previous surveys.’” ~ Peter C. Earle

What Should The Fed Do When It Hasn’t Done What It Should’ve Done?

“We are likely at the point where the risk of doing too much exceeds the risk of doing too little. It makes sense for the Fed to hold for now, and see how the incoming data looks over the next few months.” ~ William J. Luther

Some Unpleasant Federal Reserve Arithmetic

“While the Fed is trying to remove the punch bowl with its left hand by raising interest rates, it is trying to put the punch bowl back with its right hand by adding $20+ billion each month in new money to the financial system and periodic ‘assistance’ programs adding even more liquidity to the market.” ~ Paul Mueller

American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity

“The economic might of the United States is built on free enterprise. The assaults on private property and the rule of law by Washington insiders threaten the system on which our prosperity depends.” ~ Alexander W. Salter

Too Much Power?

“Time will tell if future Fed officials are as resistant to political pressures as its current leadership, succumb to seemingly ever-resurgent MMT influences, or exercise great responsibility in maintaining a sound monetary policy.” ~ David Gillette and Lauren Frazier

Two Cheers for Gramm and Solon

“Excessive government spending makes us less productive than we otherwise would be, resulting in a permanently lower level of employment and output.” ~ Alexander W. Salter

The Greedflation Myth

“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther

How Congress Should Reform the Fed

“Congress should narrow the Fed’s regulatory concerns to maintaining adequate bank capital. It should also consider abolishing the discount window entirely.” ~ Alexander William Salter

Can the Fed Continue to Fight Inflation without Risking a Financial Crisis?

“In principle, the Fed has the ability to provide liquidity to the banking system while simultaneously reducing the incentives banks have to make loans.” ~ Bryan Cutsinger

Bank Term Funding Program Discounts the Discount Window

“The Fed says it created BTFP to ‘support American businesses and households.’ But those businesses and households will ultimately be on the hook if the Fed’s risk-taking turns out to be too much.” ~ Nicolás Cachanosky

Seigniorage payments and the Federal Reserve’s new operating regime