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A Monetary Correction
The Fed has erred by keeping money too tight, not too loose.
Against Higher Inflation
A better monetary policy wouldn’t set any inflation target.
Against Higher Inflation
A better monetary policy would replace the Fed's inflation target with a nominal-spending target.
Trump’s Appointments to the Fed Could Affect the Global Economy
Trump’s appointments to the Federal Reserve should appreciate its role in the stability of the global economy.
Cash Value
Former Treasury official Morgan Ricks’s new book provides a fresh take on the Great Recession that sharpens our understanding of it.
Savers’ Real Problem
A common complaint over the last six years has been that the policies of the Federal Reserve are punishing savers. According to one line of criticism, the Fed has engaged ...
Savers’ Real Problem
A common complaint over the last six years has been that the policies of the Federal Reserve are punishing savers. According to one line of criticism, the Fed has engaged ...
Stagnant Economics
‘The business cycle was par excellence the problem of the nineteenth century. But the main problem of our times, and particularly in the United States, is the problem of full ...
Roots of the 2008 Crisis
The “Great Recession” of 2007–09 was the most severe economic crisis since the Great Depression of the 1930s. The net worth of households fell $13 trillion, the stock market declined ...