Politics

In a thought-provoking article published by the IMF in April, Ruchir Agarwal and Miles Kimball argue for moving away from a “paper…

The distinguished contributors to Populism and the Future of the Fed examine populist demands to expand the Fed’s mandate and the threat…

RevisingTheBankSecrecyAct_NorbertMichelAndJenniferSchulp_CMFAWP007   The post Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007) appeared first on…

(As many Alt-M readers will know, my interest in Bitcoin goes back to its earliest days, and even before that: like my…

In December 1946, Clark Warburton published an article in the Political Science Quarterly titled, “Monetary Control under the Federal Reserve Act,” which…

(Previous installments of “The Keynesian Myth” are here and here.) Balancing Act As Richard Adelstein (1991, p. 177) observes, far from taking…

(The first installment of “The Keynesian Myth”  is here.) All-American Money Makers Although conventional wisdom has it that Keynes considered government spending…

(The first of an essay in 3 installments.) In The Money Makers, his 2015 book on the New Deal and its aftermath,…

Building a bridge is costly: It takes labor and machinery and raw materials that have alternative uses. Does it follow that building…

(As the Fed is once again planning to unwind its balance sheet, the size of which doubled as a result of its…