Featured
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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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Despite Tariffs, Inflation Remained Low in May
The best the Fed can do (whether or not tariff shocks appear) is keep nominal spending on a stable trajectory.
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Trump v Powell: The Credibility Cost of Politicized Monetary Policy
Politicians might prefer lower interest rates, but the Fed must protect its fragile post-pandemic progress on prices. Credibility is hard earned and easily lost.
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PBS and NPR: A Free Press Doesn’t Need a Government Budget Line
“Public interest” media always sponsors a particular (state-approved) perspective at the expense of others. NPR’s voluntary donors can support a more ethical enterprise.
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Central Bank Independence: More Heat than Light
Is central bank independence practical or even desirable? A new AIER Explainer considers the legal and constitutional standing of the Federal Reserve.
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Teachers’ Unions Think They Own Your Kids
Chicago Teachers’ Union president Stacy Davis Gates says the quiet part out loud. But if they were her kids, she’d be arrested for educational neglect.
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Trump’s ‘Art of the Deal’ Politics Undermine America’s Future
As an erratic ‘first mover,’ Trump’s negotiation style destabilizes the nation. Game theory and public choice explain the global stakes of his individual recklessness.
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SALT in the Wound: How Tax Deductions Reward Fiscal Irresponsibility
Allowing citizens to deduct state and local taxes effectively rewards high-spending states and punishes prudence.
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Is the GENIUS Act Creating a Shadow CBDC System?
Allegedly designed to regulate stablecoins, the bill quietly allows for a de facto retail CBDC system — one implemented not by the Federal Reserve, but by the commercial banks it closely supervises.
-
•
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.
-
•
Despite Tariffs, Inflation Remained Low in May
The best the Fed can do (whether or not tariff shocks appear) is keep nominal spending on a stable trajectory.
-
•
Trump v Powell: The Credibility Cost of Politicized Monetary Policy
Politicians might prefer lower interest rates, but the Fed must protect its fragile post-pandemic progress on prices. Credibility is hard earned and easily lost.
-
•
PBS and NPR: A Free Press Doesn’t Need a Government Budget Line
“Public interest” media always sponsors a particular (state-approved) perspective at the expense of others. NPR’s voluntary donors can support a more ethical enterprise.
-
•
Central Bank Independence: More Heat than Light
Is central bank independence practical or even desirable? A new AIER Explainer considers the legal and constitutional standing of the Federal Reserve.
-
•
Teachers’ Unions Think They Own Your Kids
Chicago Teachers’ Union president Stacy Davis Gates says the quiet part out loud. But if they were her kids, she’d be arrested for educational neglect.
-
•
Trump’s ‘Art of the Deal’ Politics Undermine America’s Future
As an erratic ‘first mover,’ Trump’s negotiation style destabilizes the nation. Game theory and public choice explain the global stakes of his individual recklessness.
-
•
SALT in the Wound: How Tax Deductions Reward Fiscal Irresponsibility
Allowing citizens to deduct state and local taxes effectively rewards high-spending states and punishes prudence.
-
•
Is the GENIUS Act Creating a Shadow CBDC System?
Allegedly designed to regulate stablecoins, the bill quietly allows for a de facto retail CBDC system — one implemented not by the Federal Reserve, but by the commercial banks it closely supervises.