Politics

Twice now,  on this forum back in 2013, and on Twitter more recently (see here and here), I’ve taken Yale economics professor…

  The post The Contagion Concoction: The Truth About Runs and the Great Financial Crisis (CMFA Working Paper No. 006) appeared first…

The Fed’s long-awaited report on central bank digital currencies is finally out. Although the report makes it clear that the Fed has…

Ever since Federal Reserve Chairman Jerome Powell described cyclical or COVID-related elements of inflation as “transitory” (an ambiguous phrase now retired), critics…

Starting with the April 2021 release, virtually every monthly Consumer Price Index (CPI) report has indicated some form of abnormally high inflation.…

I’ve often drawn attention here to the virtues of the Canadian banking system, especially as it was between the passage of Canada’s…

“The fateful errors of popular monetary doctrines which have led astray the monetary policies of almost all governments would hardly have come…

Many economists acknowledge that ordinary private goods and services need to “pass the market test”—generate revenue in excess of expenses—to show that…

Saule Omarova Beth and Marc Goldberg Professor of Law Cornell Law School Ithaca, NY Dear Professor Omarova, As you probably know, I’m…

There is increasing pressure on central banks to take climate change into account in formulating monetary policy.  The Bank of England and…