“Congress should not use the Fed to accomplish fiscal goals through monetary means. There is no good reason to give the Fed a free pass just because their irresponsible decisions come with statutory cover.” ~ Alexander W. Salter
READ MORE“Timberlake provided a blueprint for future sound money scholars to conduct thorough and well-respected research on monetary theory and history.” ~ Scott Burns
READ MOREThe optimal currency area is the maximum currency area.
READ MOREThe Fed Repo headlines are worth watching, but not worth losing sleep over.
READ MOREShelton is right to criticize the full-employment aspect of the Fed’s dual mandate.
READ MOREA government money monopoly, writes Judy Shelton, “invites a more sinister abuse of government power – even tyranny – as government precludes market entry to alternative issuers.”
READ MOREAs an introduction to the topics that will be dealt with in the AIER Graduate Colloquium, over the next few weeks Joakim Book will summarize the core readings that our students are currently reading to prepare for a good discussion at the event.
READ MOREThe Libra has the potential to mark the start of something because if widely used, it will open the eyes of the global population to a truth about money: it works best when its value is stable, plus it needn’t be a government creation.
READ MORECryptocurrencies are a different sort of financial technology from bank deposits, yet they are being shoehorned into the same category for regulatory purposes.
READ MORELet’s hope other Argentinian economists give this proposal serious consideration.
READ MOREFacebook’s Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But that’s not where the story ends.
READ MOREIf the binding zero lower bound did not prolong the last recession, it may not prolong the next.
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