Featured
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Chairman Powell’s Curious Case for Abundant Reserves
An abundant reserves system gives Fed officials a lever to influence markets and steer capital—at the expense of taxpayers.
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Can Russia Outlaw Childlessness?
Countries with declining populations often strategize to promote births. Unfortunately, they rarely try loosening the grip of state economic control.
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How Should Fed Officials Think About the Dual Mandate?
The Fed is tasked with both price stability and maximum employment. But any significant shift in one may create steep costs in the other.
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Cash, Not Control: A Global History of Basic Income
The new book ‘Welfare for Markets’ contextualizes the centuries-long effort to disentangle social welfare investments from broken bureaucratic programs.
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Milei’s Economic Miracle: How Argentina Slashed Inflation to 1.5%
Argentina’s economist-turned-president has defied the odds (and the experts’ opinions) to set a “society sick with socialism” back on a path to fiscal health.
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Trump’s Handwritten Note to Powell: Lower Rates Abroad, So Why Not Here?
Do lower interest rates in other countries really mean the Fed is too tight?
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But Lagarde, Europe Is a Museum!
A shift of foreign investments from dollars to euros would only make inflation and confiscation risks worse.
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The Persistence of Benefit Cliffs: A Behavioral Look at a Policy Problem
As long as benefit cliffs are treated primarily as a math problem, we will continue to miss the mark. Benefit cliffs are not just technical design flaws — they are psychological traps.
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There’s a New Sheriff at the Fed
Michelle Bowman’s remarks offer a clear vision for a more focused, flexible, and transparent regulatory regime. It’s a welcome recalibration.
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Rediscovering Frédéric Bastiat in an Age of Tariffs
Bastiat’s writing combines campy, folksy stories with blinding economic logic. Even 200 years later, he has much to teach us.
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•
Chairman Powell’s Curious Case for Abundant Reserves
An abundant reserves system gives Fed officials a lever to influence markets and steer capital—at the expense of taxpayers.
-
•
Can Russia Outlaw Childlessness?
Countries with declining populations often strategize to promote births. Unfortunately, they rarely try loosening the grip of state economic control.
-
•
How Should Fed Officials Think About the Dual Mandate?
The Fed is tasked with both price stability and maximum employment. But any significant shift in one may create steep costs in the other.
-
•
Cash, Not Control: A Global History of Basic Income
The new book ‘Welfare for Markets’ contextualizes the centuries-long effort to disentangle social welfare investments from broken bureaucratic programs.
-
•
Milei’s Economic Miracle: How Argentina Slashed Inflation to 1.5%
Argentina’s economist-turned-president has defied the odds (and the experts’ opinions) to set a “society sick with socialism” back on a path to fiscal health.
-
•
Trump’s Handwritten Note to Powell: Lower Rates Abroad, So Why Not Here?
Do lower interest rates in other countries really mean the Fed is too tight?
-
•
But Lagarde, Europe Is a Museum!
A shift of foreign investments from dollars to euros would only make inflation and confiscation risks worse.
-
•
The Persistence of Benefit Cliffs: A Behavioral Look at a Policy Problem
As long as benefit cliffs are treated primarily as a math problem, we will continue to miss the mark. Benefit cliffs are not just technical design flaws — they are psychological traps.
-
•
There’s a New Sheriff at the Fed
Michelle Bowman’s remarks offer a clear vision for a more focused, flexible, and transparent regulatory regime. It’s a welcome recalibration.
-
•
Rediscovering Frédéric Bastiat in an Age of Tariffs
Bastiat’s writing combines campy, folksy stories with blinding economic logic. Even 200 years later, he has much to teach us.