Inflation Remains Stubbornly High
“The neutral real interest rate is thought to be around 0.25 percent, suggesting the Fed may need to raise its nominal interest rate target another 175 to 200 basis points just to get to neutral.” ~ William J. Luther
READ MOREWhat Is an FTX?
“The existence of the FTT token combined with the opacity of the relationship between Alameda and FTX is crucial to the story.” ~ Joshua R. Hendrickson
READ MOREA New Concern: Falling US Treasury Demand
“The path forward is unclear, as the rise in yield rates necessary to induce greater demand could also mean higher costs in lending for both private and public actors.” ~ Zachary Shuter, Zhezheng Zhang, & Peter C. Earle
READ MOREA Tale of Two Documents: How the Bitcoin White Paper Outperformed Dodd-Frank
“As policymakers look to further regulate the crypto ecosystem itself, they should keep top of mind the capacity of private innovation to not only achieve broad policy goals but also to get there before regulations do.” ~ Jack Solowey
READ MOREFlatcoins: A More “Stable” Stablecoin?
“If successfully developed, flatcoins will join the ranks of other digital assets like Bitcoin, providing individuals and institutions with monetary solutions outside fiat currencies.” ~ Peter C. Earle & David Waugh
READ MOREConsumers Stand to Lose From Swipe Card Regulations
“Consumers stand to lose from fewer choices, less credit access, less secure transactions, and the evaporation of reward programs and other benefits.” ~ Satya Marar
READ MOREMarkets Rally Despite Inflation Report: Peter C. Earle on CBS News (Video)
“Peter C. Earle, economist and research faculty at the American Institute for Economic Research, joined CBS News to discuss financial markets and the economy in light of the CPI report.” ~ AIER
READ MOREHelping Banks Help Themselves: Extended Shareholder Liability
“The best way to reduce systemic risk is to give the risktakers the incentive to economize on risk. An extended liability regime for banking is a simple and elegant way to improve incentives. We should seriously consider it.” ~ Alexander William Salter
READ MORERising Inflation Expectations Pose a New Threat to Fed Efforts
“Herding, of sorts, may thwart the effects of contractionary monetary policy measures to some degree. The Fed has a tough job ahead of it, one which may have just become a bit tougher.” ~ Peter C. Earle
READ MOREKing Dollar’s Uncertain Throne
“With continuing dollar appreciation the likelihood of trade tensions and protectionism increase, as do the possibilities of organized labor agitation. King Dollar is secure for now, but as in all palaces – intrigues persist.” ~ Peter C. Earle
READ MOREA Very British Fiasco
“These things happen, but they happen a lot to UK financial regulators, and Governor Bailey himself has presided over a good number of regulatory fiascos. In short, the crisis confirms that UK financial regulation is not fit for purpose.” ~ Kevin Dowd
READ MORERevisiting the Pokéflation
“During the massively expansionary monetary response to the Covid outbreak, the price of Pokemon cards and other assets shot to unprecedented levels. Contractionary monetary policy now has the opposite effect.” ~ Peter C. Earle & April Liu
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