Sound Money
-
•
Trump v. Cook Won’t Settle the Fed’s Independence Problem
Political pressure has made it harder to distinguish sound monetary policy from strategic posturing. Congress, not SCOTUS, is empowered to change that.
-
•
Alan Greenspan’s Complicated Monetary Legacy
Sound money needs rules, not a maestro, a tension embodied in Alan Greenspan’s long tenure at the Fed.
-
•
Independence or Accountability: The Fed Cannot Have Both
The Federal Reserve’s independence is often defended as essential to sound monetary policy, but it comes at the cost of meaningful democratic accountability.
-
•
Excess Spending Keeps Inflation Above Target in April
Supply shocks alone cannot explain higher prices. Excessive spending is to blame — and policymakers have failed to connect the dots.
-
•
Energy Price Hikes Only Exacerbate Persistent Inflation Problem
Oil price spikes matter, but the evidence points to excess nominal spending as the primary source of sustained inflation.
-
•
Supply Shocks Plus Inflation Bind the Fed’s Hands
Energy-driven inflation and slowing growth have put the Fed in a difficult position. A look at monetary policy rules shows why holding rates steady may be the most prudent response.
-
•
Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
-
•
The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
-
•
Inflation Is Cooling: Jan 2026 Increase Below Seasonal Norms
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.
-
•
What Makes a Good Federal Reserve Chair? It Depends on Independence
When political pressure threatens independence, the chair’s character matters more than technical competence.
-
•
Trump v. Cook Won’t Settle the Fed’s Independence Problem
Political pressure has made it harder to distinguish sound monetary policy from strategic posturing. Congress, not SCOTUS, is empowered to change that.
-
•
Alan Greenspan’s Complicated Monetary Legacy
Sound money needs rules, not a maestro, a tension embodied in Alan Greenspan’s long tenure at the Fed.
-
•
Independence or Accountability: The Fed Cannot Have Both
The Federal Reserve’s independence is often defended as essential to sound monetary policy, but it comes at the cost of meaningful democratic accountability.
-
•
Excess Spending Keeps Inflation Above Target in April
Supply shocks alone cannot explain higher prices. Excessive spending is to blame — and policymakers have failed to connect the dots.
-
•
Energy Price Hikes Only Exacerbate Persistent Inflation Problem
Oil price spikes matter, but the evidence points to excess nominal spending as the primary source of sustained inflation.
-
•
Supply Shocks Plus Inflation Bind the Fed’s Hands
Energy-driven inflation and slowing growth have put the Fed in a difficult position. A look at monetary policy rules shows why holding rates steady may be the most prudent response.
-
•
Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
-
•
The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
-
•
Inflation Is Cooling: Jan 2026 Increase Below Seasonal Norms
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.
-
•
What Makes a Good Federal Reserve Chair? It Depends on Independence
When political pressure threatens independence, the chair’s character matters more than technical competence.