Central Banking
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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.”…
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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
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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
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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
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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
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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
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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
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A CBDC Would Not Be Money in the Sense Used in the Constitution
“A CBDC is not money because it is not a physical-bearer instrument, but rather by its very nature is trackable and cancellable, like a check or credit card payment.” ~ Robert E. Wright
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The Federal Reserve’s Expanding Mandate (Video)
“In this video, Kate Wand sat down with AIER Senior Research Faculty Thomas Hogan to discuss the Federal Reserve’s expanding objectives and how they affect its ability to conduct monetary policy.” ~ AIER
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A 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
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•
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.”…
-
•
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
-
•
A CBDC Would Not Be Money in the Sense Used in the Constitution
“A CBDC is not money because it is not a physical-bearer instrument, but rather by its very nature is trackable and cancellable, like a check or credit card payment.” ~ Robert E. Wright
-
•
The Federal Reserve’s Expanding Mandate (Video)
“In this video, Kate Wand sat down with AIER Senior Research Faculty Thomas Hogan to discuss the Federal Reserve’s expanding objectives and how they affect its ability to conduct monetary policy.” ~ AIER
-
•
A 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