Monetary Policy
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Government Can’t Police Itself
“I will always support more transparency and more oversight, if only because doing so is part of my job and makes that job easier– one of which I’m proud. But intoning ‘more transparency’ is no silver bullet for shrinking the size of government and for getting rid of bad programs. The only ‘substantive’ result of…
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Modern Monetary Theory is Playing With Fire
“Stephanie Kelton’s book is well-written and serves as an accessible insight into the world of Modern Monetary Theory. There are parts of the book that are essential pieces of economic knowledge that define the modern state, some that are questionable premises, and some that are blatant political talking points.” ~ Ethan Yang
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The Fiscal Centralization of Europe Will Not End Well
“Europe may be experiencing a ‘Hamiltonian moment,’ but the path towards a federal Europe will remain both long and tortuous. Political opposition to the European experiment has been growing as the perceived costs of membership of the EU begins to eclipse the benefits for some members of the Union.” ~ Colin Lloyd
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The Coin Shortage: A Big Deal about Small Change
“Our smaller denomination coins cost more to produce than they are worth, and burden our transactions with tedious calculations. Temporarily, due to the virus, some of our businesses are suspending dealing in these coins. Perhaps soon we will replace our coinage with one that makes sense.” ~ Clifford F. Thies
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The Fed’s Liquidity Confusion
“Fed lending to nonbank companies and municipalities is not liquidity provision; it’s credit allocation. It’s an area in which the Fed should not be involved.” ~ Thomas L. Hogan
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Global Money Supply Growth and the Great Inflation Getaway
“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy…
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Incompetent Experts and Bad Government
Ignorance and malfeasance: this is what the American people have been forced to endure from those who govern them. We have no reason to expect things will be different in the future, unless we unequivocally demand it otherwise.
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When the Fed Tried to Save Main Street
Any day now, the Federal Reserve will start making loans to small and medium-sized businesses, breaking new ground with its Section 13(3) lending authority. Yet this won’t be the first time the Fed set its sights on Main Street businesses.
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Judy Shelton: Golden Nominee for a Tarnished Fed
Dr. Judy Shelton is polite, soft-spoken, and diminutive – yet she seems capable of scaring the bejesus out of full-grown adults and “leaders” in American politics, academia, and media. Why? For decades she’s been a global expert on money, monetary policy, and crises. She’s been a prolific author and speaker, a scholar at the Hoover…
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The $1 Coin: World’s Worst Monetary Idea
There are a lot of bad monetary ideas floating around. Few are as awful as the American one-dollar coin, however. Despite almost fifty years of existence, the $1 coin has perennially failed to gain currency in the US.
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•
Government Can’t Police Itself
“I will always support more transparency and more oversight, if only because doing so is part of my job and makes that job easier– one of which I’m proud. But intoning ‘more transparency’ is no silver bullet for shrinking the size of government and for getting rid of bad programs. The only ‘substantive’ result of…
-
•
Modern Monetary Theory is Playing With Fire
“Stephanie Kelton’s book is well-written and serves as an accessible insight into the world of Modern Monetary Theory. There are parts of the book that are essential pieces of economic knowledge that define the modern state, some that are questionable premises, and some that are blatant political talking points.” ~ Ethan Yang
-
•
The Fiscal Centralization of Europe Will Not End Well
“Europe may be experiencing a ‘Hamiltonian moment,’ but the path towards a federal Europe will remain both long and tortuous. Political opposition to the European experiment has been growing as the perceived costs of membership of the EU begins to eclipse the benefits for some members of the Union.” ~ Colin Lloyd
-
•
The Coin Shortage: A Big Deal about Small Change
“Our smaller denomination coins cost more to produce than they are worth, and burden our transactions with tedious calculations. Temporarily, due to the virus, some of our businesses are suspending dealing in these coins. Perhaps soon we will replace our coinage with one that makes sense.” ~ Clifford F. Thies
-
•
The Fed’s Liquidity Confusion
“Fed lending to nonbank companies and municipalities is not liquidity provision; it’s credit allocation. It’s an area in which the Fed should not be involved.” ~ Thomas L. Hogan
-
•
Global Money Supply Growth and the Great Inflation Getaway
“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy…
-
•
Incompetent Experts and Bad Government
Ignorance and malfeasance: this is what the American people have been forced to endure from those who govern them. We have no reason to expect things will be different in the future, unless we unequivocally demand it otherwise.
-
•
When the Fed Tried to Save Main Street
Any day now, the Federal Reserve will start making loans to small and medium-sized businesses, breaking new ground with its Section 13(3) lending authority. Yet this won’t be the first time the Fed set its sights on Main Street businesses.
-
•
Judy Shelton: Golden Nominee for a Tarnished Fed
Dr. Judy Shelton is polite, soft-spoken, and diminutive – yet she seems capable of scaring the bejesus out of full-grown adults and “leaders” in American politics, academia, and media. Why? For decades she’s been a global expert on money, monetary policy, and crises. She’s been a prolific author and speaker, a scholar at the Hoover…
-
•
The $1 Coin: World’s Worst Monetary Idea
There are a lot of bad monetary ideas floating around. Few are as awful as the American one-dollar coin, however. Despite almost fifty years of existence, the $1 coin has perennially failed to gain currency in the US.