7+ hour, 41+ min ago  (19+ words) Sound money needs rules, not a maestro, a tension embodied in Alan Greenspan's long tenure at the Fed....

18+ hour ago  (326+ words) If we must tolerate government control of currency, we should emulate Hans Luther's fearless defiance of political pressure....

17+ hour, 56+ min ago  (494+ words) Trillions in hidden distress and deferred losses are emerging as borrowers run out of time and options. America's debt reckoning has begun....

3+ day, 12+ hour ago  (353+ words) Kevin Warsh's debut Fed meeting brought no rate change but plenty of institutional change. The new chairman appears eager to rethink how the Fed operates. Warsh used his debut not to move policy but to signal how much of the…...

3+ day, 13+ hour ago  (626+ words) Voters were warned that leaving the EU would trigger recession, mass unemployment, and lasting economic decline. Comparing Britain's performance with its G7 peers suggests a more nuanced picture. This doomsday scenario did not come to pass. Britain's economy stubbornly refused to…...

6+ day, 12+ hour ago  (244+ words) Continued inflation, hawkish regional bank presidents, and 11 of 12 monetary'policy rules suggest the Fed should raise rates. The price of the Fed's "patience" could be paid economy wide. The Federal Open Market Committee is widely expected to leave its policy rate…...

1+ week, 3+ day ago  (364+ words) The Federal Reserve's independence is often defended as essential to sound monetary policy, but it comes at the cost of meaningful democratic accountability. None of this is new. Milton Friedman laid out the case decades ago, and it has aged…...

1+ week, 5+ day ago  (582+ words) Trump credits tariffs for an economic "turnaround." The data show stronger economic performance in his first term than in his second. In his State of the Union address earlier this year, President Trump boasted that "one of the primary reasons…...

1+ week, 4+ day ago  (370+ words) Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy. Inflation remained elevated in May, the Bureau of Labor Statistics (BLS) reported yesterday. The Consumer Price Index (CPI) rose…...

1+ week, 6+ day ago  (235+ words) George Selgin's "False Dawn' empirically demolishes the claim that Franklin Roosevelt pursued a Keynesian recovery strategy. Selgin is also emphatic that the decline in spending during 1937 did not trigger the downturn. He concludes that the "expansionary fiscal policy wasn't an…...