Monetary Policy
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Trump’s Trade of Munitions for Mining Rights Would Hasten Bretton Woods III
A new economic order reliant on tangible assets and commodities will further erode the dollar’s reserve-currency status.
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What Decades of Easy Money Mean for Japan’s Fiscal Future
The Bank of Japan has absorbed half that country’s national debt, creating huge liabilities and leaving the nation at a monetary fork in the road.
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December Inflation Meets Expectations
Headline inflation rates will almost certainly decline in the coming months, as seasonal distortions fade and monetary policy remains tight.
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The Fed Pushes Pause
Fed officials have delayed adjusting the federal funds rate, perhaps believing that the neutral rate of interest has risen.
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Against Central Bank Independence
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.
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Eggs: Incredible, Edible, and Increasingly Inaccessible
Modern food systems have inherent price fluctuations. But activist central bank policy makes little disruptions into big problems.
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To Whip Inflation, Trump Needs The Courage To Be Unpopular
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
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Forecasts Stable: The Fed Should Take a Breather
Monetary policy is right where we want it: close to neutral. No cuts are needed as price pressures continue to moderate.
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‘Greedflation’ Claims Distract, Drive Policy in the Wrong Direction
Blaming producers for higher prices obscures true policy failures and economic bad actors — perhaps deliberately.
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Modern Monetary Theory and the Challenge of Endogenous Money Supply
The Fed’s balance sheet, and its influence, remain enormous. A lighter touch at the top would allow more flexibility in the economy.
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•
Trump’s Trade of Munitions for Mining Rights Would Hasten Bretton Woods III
A new economic order reliant on tangible assets and commodities will further erode the dollar’s reserve-currency status.
-
•
What Decades of Easy Money Mean for Japan’s Fiscal Future
The Bank of Japan has absorbed half that country’s national debt, creating huge liabilities and leaving the nation at a monetary fork in the road.
-
•
December Inflation Meets Expectations
Headline inflation rates will almost certainly decline in the coming months, as seasonal distortions fade and monetary policy remains tight.
-
•
The Fed Pushes Pause
Fed officials have delayed adjusting the federal funds rate, perhaps believing that the neutral rate of interest has risen.
-
•
Against Central Bank Independence
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.
-
•
Eggs: Incredible, Edible, and Increasingly Inaccessible
Modern food systems have inherent price fluctuations. But activist central bank policy makes little disruptions into big problems.
-
•
To Whip Inflation, Trump Needs The Courage To Be Unpopular
When the President and Congress blow out the budget, the difference is borrowed from future (imagined) surpluses. That depreciates the dollar.
-
•
Forecasts Stable: The Fed Should Take a Breather
Monetary policy is right where we want it: close to neutral. No cuts are needed as price pressures continue to moderate.
-
•
‘Greedflation’ Claims Distract, Drive Policy in the Wrong Direction
Blaming producers for higher prices obscures true policy failures and economic bad actors — perhaps deliberately.
-
•
Modern Monetary Theory and the Challenge of Endogenous Money Supply
The Fed’s balance sheet, and its influence, remain enormous. A lighter touch at the top would allow more flexibility in the economy.