Sound Money Project
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Are GOP Presidential Contenders Prepared to Take On the Fed?
“There’s no time to lose. Aspiring Republicans must get serious about fixing the Fed.” ~ Alexander W. Salter
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Two Cheers for Gramm and Solon
“Excessive government spending makes us less productive than we otherwise would be, resulting in a permanently lower level of employment and output.” ~ Alexander W. Salter
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Waller Offers Common Sense View on Financial Risks of Climate Change
“Climate-related innovation does not seem to pose a unique risk to the financial system. And lenders have a long history of adapting to technological innovation.” ~ Bryan Cutsinger
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Has the Disinflation Process Stalled?
“Fed officials may worry that the disinflation process has stalled. For this reason, the latest data likely increases uncertainty about the future course of monetary policy.” ~ William J. Luther
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What’s Next for the Fed?
“A wide range of outcomes are still possible for 2023, ranging from stagflation to a ‘soft landing.'” ~ Thomas L. Hogan
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The Greedflation Myth
“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther
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Three Proposals for Price Stability
“As a ‘dark horse’ candidate, Ramaswamy has a greater burden of proof before the electorate. He needs to prove his policy proposals are a cut above his rivals’.” ~ Alexander W. Salter
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Can the Fed Continue to Fight Inflation without Risking a Financial Crisis?
“In principle, the Fed has the ability to provide liquidity to the banking system while simultaneously reducing the incentives banks have to make loans.” ~ Bryan Cutsinger
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Putting Aggregate Demand and Aggregate Supply to Work
“Economists use aggregate demand and aggregate supply (AS-AD model) to understand how inflation and real income growth are jointly determined.” ~ Bryan Cutsinger & Alexander William Salter
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Aggregate Demand and Aggregate Supply: Keep It Simple, Stupid!
“This simple model is a good first approximation to aggregate economic performance. Economists know this. Unfortunately, they sometimes ignore it for partisan reasons.” ~ Alexander William Salter
-
•
Are GOP Presidential Contenders Prepared to Take On the Fed?
“There’s no time to lose. Aspiring Republicans must get serious about fixing the Fed.” ~ Alexander W. Salter
-
•
Two Cheers for Gramm and Solon
“Excessive government spending makes us less productive than we otherwise would be, resulting in a permanently lower level of employment and output.” ~ Alexander W. Salter
-
•
Waller Offers Common Sense View on Financial Risks of Climate Change
“Climate-related innovation does not seem to pose a unique risk to the financial system. And lenders have a long history of adapting to technological innovation.” ~ Bryan Cutsinger
-
•
Has the Disinflation Process Stalled?
“Fed officials may worry that the disinflation process has stalled. For this reason, the latest data likely increases uncertainty about the future course of monetary policy.” ~ William J. Luther
-
•
What’s Next for the Fed?
“A wide range of outcomes are still possible for 2023, ranging from stagflation to a ‘soft landing.'” ~ Thomas L. Hogan
-
•
The Greedflation Myth
“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther
-
•
Three Proposals for Price Stability
“As a ‘dark horse’ candidate, Ramaswamy has a greater burden of proof before the electorate. He needs to prove his policy proposals are a cut above his rivals’.” ~ Alexander W. Salter
-
•
Can the Fed Continue to Fight Inflation without Risking a Financial Crisis?
“In principle, the Fed has the ability to provide liquidity to the banking system while simultaneously reducing the incentives banks have to make loans.” ~ Bryan Cutsinger
-
•
Putting Aggregate Demand and Aggregate Supply to Work
“Economists use aggregate demand and aggregate supply (AS-AD model) to understand how inflation and real income growth are jointly determined.” ~ Bryan Cutsinger & Alexander William Salter
-
•
Aggregate Demand and Aggregate Supply: Keep It Simple, Stupid!
“This simple model is a good first approximation to aggregate economic performance. Economists know this. Unfortunately, they sometimes ignore it for partisan reasons.” ~ Alexander William Salter