Monetary Economics
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CBDCs Undermine Financial Privacy
“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
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Inflation Remained Below Target in August
“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
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Will the Fed Repeat 1970s Policy Mistakes?
“Without structural reforms, inflation will continue to threaten the purchasing power of Americans.” ~Vance Ginn
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Business Conditions Monthly July 2024
“The key question, moving forward, is whether the Federal Reserve’s shift to accommodation will be sufficient to counteract the emerging signs of economic contraction.” ~Peter C. Earle
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Fed Rate Cuts Are Unlikely to Goose the Stock Market or Prevent a Recession
“Rate cuts based on hindsight instead of foresight can confirm a recession but can’t prevent it.” ~Richard Salsman
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Fed Rate Cuts: Better Late than Never
“A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed.” ~William J. Luther
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Moderate Inflation Affirms Fed’s Path to Easing
“The Fed should ignore the political noise and follow the data. Central bankers failed to curb inflation, but that doesn’t mean they should deliberately make the opposite mistake now.” ~Alexander W. Salter
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Tax Cryptocurrencies as Money, Not Property
“Treating cryptocurrencies like property for tax purposes discourages people from using them like monies.” ~Gerald Dwyer
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Inflation Slightly Below Target in July
“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther
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The Permanent Temptation of All Governments
“The math of 2 percent compound shrinkage demonstrates that the Fed wants to depreciate the dollar’s purchasing power by 80 percent in each average lifetime. Somehow the Fed never mentions this.” ~Alex Pollock
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•
CBDCs Undermine Financial Privacy
“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
-
•
Inflation Remained Below Target in August
“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
-
•
Will the Fed Repeat 1970s Policy Mistakes?
“Without structural reforms, inflation will continue to threaten the purchasing power of Americans.” ~Vance Ginn
-
•
Business Conditions Monthly July 2024
“The key question, moving forward, is whether the Federal Reserve’s shift to accommodation will be sufficient to counteract the emerging signs of economic contraction.” ~Peter C. Earle
-
•
Fed Rate Cuts Are Unlikely to Goose the Stock Market or Prevent a Recession
“Rate cuts based on hindsight instead of foresight can confirm a recession but can’t prevent it.” ~Richard Salsman
-
•
Fed Rate Cuts: Better Late than Never
“A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed.” ~William J. Luther
-
•
Moderate Inflation Affirms Fed’s Path to Easing
“The Fed should ignore the political noise and follow the data. Central bankers failed to curb inflation, but that doesn’t mean they should deliberately make the opposite mistake now.” ~Alexander W. Salter
-
•
Tax Cryptocurrencies as Money, Not Property
“Treating cryptocurrencies like property for tax purposes discourages people from using them like monies.” ~Gerald Dwyer
-
•
Inflation Slightly Below Target in July
“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther
-
•
The Permanent Temptation of All Governments
“The math of 2 percent compound shrinkage demonstrates that the Fed wants to depreciate the dollar’s purchasing power by 80 percent in each average lifetime. Somehow the Fed never mentions this.” ~Alex Pollock