Sound Money Project
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Does Greedflation Fit the Facts?
“While an increase in market power would certainly affect real income growth, the magnitude necessary to explain inflation is implausibly large.” ~ Bryan Cutsinger
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Fed Up with Tightening?
“Provided the recent monthly inflation figures give us an accurate forecast, the real federal funds rate is significantly above the natural rate. This indicates monetary policy is restrictive.” ~ Alexander W. Salter
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Disinflation is Welcome, but the Fed’s Job Isn’t Done
“The Fed may not need to tighten any further, depending on how markets continue to react to its recent policy changes. But this is no time for complacency.’ ~ Alexander W. Salter
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Why President Kennedy’s 1963 “Peace Speech” Matters Today
“Kennedy focused on humanity’s common interests — ‘we all inhabit this small planet. We all breathe the same air. We all cherish our children’s future. And we are all mortal.’ Most importantly, we all have minds that can value peace over threats and domination.” ~ Barry Brownstein
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Inflation is Slowing. Will the Fed?
“Monetary policy works with long and variable lags. Inflation is slowing, but it will take some time to come down. Fed officials should not be too concerned about elevated core inflation.” ~ William J. Luther
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Don’t Raise the Target; Change the Framework
“By adopting a nominal spending target, the Fed would embrace a regime that provides clear guidance on the required spending level during times of crisis. This shift would enhance the Fed’s ability to navigate economic downturns effectively.” ~ Nicolás Cachanosky
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In Search of a Monetary Standard: A Review of Robert Hetzel’s The Federal Reserve: A New History
“The price system worked exceptionally well precisely because the Fed had successfully established a credible nominal anchor. As a result, the economy could sustain a historically low unemployment rate.” ~ Bryan P. Cutsinger
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President Biden’s Inflation Malarkey
“Dollar depreciation is why prices are rising. The Fed’s monetary policy, aided and abetted by the President’s and Congress’s massive deficits, are the real cause.” ~ Alexander W. Salter
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What Should The Fed Do When It Hasn’t Done What It Should’ve Done?
“We are likely at the point where the risk of doing too much exceeds the risk of doing too little. It makes sense for the Fed to hold for now, and see how the incoming data looks over the next few months.” ~ William J. Luther
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American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
“The economic might of the United States is built on free enterprise. The assaults on private property and the rule of law by Washington insiders threaten the system on which our prosperity depends.” ~ Alexander W. Salter
-
•
Does Greedflation Fit the Facts?
“While an increase in market power would certainly affect real income growth, the magnitude necessary to explain inflation is implausibly large.” ~ Bryan Cutsinger
-
•
Fed Up with Tightening?
“Provided the recent monthly inflation figures give us an accurate forecast, the real federal funds rate is significantly above the natural rate. This indicates monetary policy is restrictive.” ~ Alexander W. Salter
-
•
Disinflation is Welcome, but the Fed’s Job Isn’t Done
“The Fed may not need to tighten any further, depending on how markets continue to react to its recent policy changes. But this is no time for complacency.’ ~ Alexander W. Salter
-
•
Why President Kennedy’s 1963 “Peace Speech” Matters Today
“Kennedy focused on humanity’s common interests — ‘we all inhabit this small planet. We all breathe the same air. We all cherish our children’s future. And we are all mortal.’ Most importantly, we all have minds that can value peace over threats and domination.” ~ Barry Brownstein
-
•
Inflation is Slowing. Will the Fed?
“Monetary policy works with long and variable lags. Inflation is slowing, but it will take some time to come down. Fed officials should not be too concerned about elevated core inflation.” ~ William J. Luther
-
•
Don’t Raise the Target; Change the Framework
“By adopting a nominal spending target, the Fed would embrace a regime that provides clear guidance on the required spending level during times of crisis. This shift would enhance the Fed’s ability to navigate economic downturns effectively.” ~ Nicolás Cachanosky
-
•
In Search of a Monetary Standard: A Review of Robert Hetzel’s The Federal Reserve: A New History
“The price system worked exceptionally well precisely because the Fed had successfully established a credible nominal anchor. As a result, the economy could sustain a historically low unemployment rate.” ~ Bryan P. Cutsinger
-
•
President Biden’s Inflation Malarkey
“Dollar depreciation is why prices are rising. The Fed’s monetary policy, aided and abetted by the President’s and Congress’s massive deficits, are the real cause.” ~ Alexander W. Salter
-
•
What Should The Fed Do When It Hasn’t Done What It Should’ve Done?
“We are likely at the point where the risk of doing too much exceeds the risk of doing too little. It makes sense for the Fed to hold for now, and see how the incoming data looks over the next few months.” ~ William J. Luther
-
•
American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity
“The economic might of the United States is built on free enterprise. The assaults on private property and the rule of law by Washington insiders threaten the system on which our prosperity depends.” ~ Alexander W. Salter