Alex J. Pollock
Contributor
Alex J. Pollock is a Senior Fellow at the Mises Institute.
He is the author of Finance and Philosophy—Why We’re Always Surprised (2018) and Boom and Bust: Financial Cycles and Human Prosperity (2011), as well as numerous articles and Congressional testimony.
Pollock is a graduate of Williams College, the University of Chicago, and Princeton University.
-
•
The Fed’s Remarkable ‘Independence’ Claim
Despite its claims, the Fed operates politically, loyally financing the government’s deficit as needed, and without accountability.
-
•
The Permanent Temptation of All Governments
“The math of 2 percent compound shrinkage demonstrates that the Fed wants to depreciate the dollar’s purchasing power by 80 percent in each average lifetime. Somehow the Fed never mentions this.” ~Alex Pollock
-
•
Fixing A Big Mistake in Risk-Based Capital Rules
“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock
-
•
The Political History of Money
“In The Currency of Politics, Stefan Eich has written a valuable and very interesting review of specific monetary debates in their historical settings during centuries of thought about the nature of money as it is entwined with politics.” ~ Alex J. Pollock
-
•
The Fed’s Tough Year
“The current push to expand the Fed’s mandates is consistent with Shull’s Paradox, which states that the more blunders the Fed makes, the more powers and prestige it gets. But we should be reducing the Fed’s powers and mandates, not increasing them.” ~ Alex J. Pollock
-
•
Risk, Uncertainty and Profit 100 Years Later
“It is the special function of the entrepreneur to generate unpredictable change and the economic profit or loss, progress or mistakes, that result from it.” ~ Alex J. Pollock
-
•
The Fed’s Remarkable ‘Independence’ Claim
Despite its claims, the Fed operates politically, loyally financing the government’s deficit as needed, and without accountability.
-
•
The Permanent Temptation of All Governments
“The math of 2 percent compound shrinkage demonstrates that the Fed wants to depreciate the dollar’s purchasing power by 80 percent in each average lifetime. Somehow the Fed never mentions this.” ~Alex Pollock
-
•
Fixing A Big Mistake in Risk-Based Capital Rules
“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock
-
•
The Political History of Money
“In The Currency of Politics, Stefan Eich has written a valuable and very interesting review of specific monetary debates in their historical settings during centuries of thought about the nature of money as it is entwined with politics.” ~ Alex J. Pollock
-
•
The Fed’s Tough Year
“The current push to expand the Fed’s mandates is consistent with Shull’s Paradox, which states that the more blunders the Fed makes, the more powers and prestige it gets. But we should be reducing the Fed’s powers and mandates, not increasing them.” ~ Alex J. Pollock
-
•
Risk, Uncertainty and Profit 100 Years Later
“It is the special function of the entrepreneur to generate unpredictable change and the economic profit or loss, progress or mistakes, that result from it.” ~ Alex J. Pollock