Monetary Policy
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Will Bitcoin Strengthen or Weaken US Dollar Dominance?
Bitcoin’s rise is likely to reshape the global role of the dollar.
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What I Saw in Milei’s Argentina
Argentina’s vast potential is shackled by its Perónist past. The path to a thriving market economy demands relentless action across society, from the grassroots level to the Casa Rosada.
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Mission Creep: The Fed’s Foray Into State and Local Debt
The Fed’s scheme to offer credit to states and municipalities was fiscal policy in disguise, turning local mismanagement into a national problem.
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Inflation Still Over Target in August
Inflation has exceeded the Fed’s two-percent target for 54 consecutive months, with prices up 25 percent since March 2020.
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Miran Follows a Long Tradition of Political Appointees at the Fed
From Eccles to Greenspan to Yellen, history suggests politically seasoned Fed officials are the rule rather than the exception.
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Inflation Heats Up in August
Inflation is rising compared to its year-over-year pace, nudged along by tariff effects. But Fed officials are expected to cut rates next week, anyway.
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France’s Financial Misery Is a Bad Omen for Other Countries
Financial and debt crises aren’t so much solved as covered up by political actions aimed at alleviating market anxieties.
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The Fed’s Mission Creep Under Jerome Powell
Former Fed officials are right to worry about the central bank’s independence. But they should not be surprised. Under Powell’s leadership, the Fed has drifted into the political arena.
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One Big, Beautiful Tradeoff for the Fed
Raising the debt ceiling takes the Fed out of the reserve volatility frying pan—but may land it in the debt-monetization fire.
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“You’re Fired” — The President, Lisa Cook, and the Fragility of Fed Autonomy
Both parties have shown themselves willing to play politics with the Fed when it suits their interests. Neither likes it when the other does.
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•
Will Bitcoin Strengthen or Weaken US Dollar Dominance?
Bitcoin’s rise is likely to reshape the global role of the dollar.
-
•
What I Saw in Milei’s Argentina
Argentina’s vast potential is shackled by its Perónist past. The path to a thriving market economy demands relentless action across society, from the grassroots level to the Casa Rosada.
-
•
Mission Creep: The Fed’s Foray Into State and Local Debt
The Fed’s scheme to offer credit to states and municipalities was fiscal policy in disguise, turning local mismanagement into a national problem.
-
•
Inflation Still Over Target in August
Inflation has exceeded the Fed’s two-percent target for 54 consecutive months, with prices up 25 percent since March 2020.
-
•
Miran Follows a Long Tradition of Political Appointees at the Fed
From Eccles to Greenspan to Yellen, history suggests politically seasoned Fed officials are the rule rather than the exception.
-
•
Inflation Heats Up in August
Inflation is rising compared to its year-over-year pace, nudged along by tariff effects. But Fed officials are expected to cut rates next week, anyway.
-
•
France’s Financial Misery Is a Bad Omen for Other Countries
Financial and debt crises aren’t so much solved as covered up by political actions aimed at alleviating market anxieties.
-
•
The Fed’s Mission Creep Under Jerome Powell
Former Fed officials are right to worry about the central bank’s independence. But they should not be surprised. Under Powell’s leadership, the Fed has drifted into the political arena.
-
•
One Big, Beautiful Tradeoff for the Fed
Raising the debt ceiling takes the Fed out of the reserve volatility frying pan—but may land it in the debt-monetization fire.
-
•
“You’re Fired” — The President, Lisa Cook, and the Fragility of Fed Autonomy
Both parties have shown themselves willing to play politics with the Fed when it suits their interests. Neither likes it when the other does.