Sound Money Project
-
•
DC’s GENIUS Plan: Use Stablecoins to Soak Up Its Own Debt
The GENIUS Act requires that stablecoin issuers hold their assets in cash, short-term US Treasury securities, or as balances at the Fed. That increased demand for debt will keep borrowing costs down.
-
•
Are Tariffs Really Inflationary?
Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters.
-
•
Fed’s Bowman on the Risks of ‘Set It and Forget It’ Regulatory Culture
Old rules don’t always fit new risks, Michelle Bowman warns — and ignoring that could have real consequences.
-
•
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.
-
•
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.
-
•
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.
-
•
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.
-
•
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.
-
•
Fed Holds Rates Steady Amid Economic Uncertainty
The Federal Reserve board isn’t committing to rate cuts, voting to holding its policy interest rate at 4.25 to 4.5 percent. As inflation and employment trends stabilize, caution is warranted.
-
•
DC’s GENIUS Plan: Use Stablecoins to Soak Up Its Own Debt
The GENIUS Act requires that stablecoin issuers hold their assets in cash, short-term US Treasury securities, or as balances at the Fed. That increased demand for debt will keep borrowing costs down.
-
•
Are Tariffs Really Inflationary?
Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters.
-
•
Fed’s Bowman on the Risks of ‘Set It and Forget It’ Regulatory Culture
Old rules don’t always fit new risks, Michelle Bowman warns — and ignoring that could have real consequences.
-
•
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.
-
•
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.
-
•
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.
-
•
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.
-
•
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.
-
•
Fed Holds Rates Steady Amid Economic Uncertainty
The Federal Reserve board isn’t committing to rate cuts, voting to holding its policy interest rate at 4.25 to 4.5 percent. As inflation and employment trends stabilize, caution is warranted.