The Fed Changed Its Approach to Inflation. Will It Change Its Policies?
Price-level targeting would be more effective than average inflation targeting.
An Oversimplified, Misleading Argument about Inequality and Taxes
Emmanuel Saez and Gabriel Zucman’s Triumph of Injustice sacrifices intellectual rigor to polemic zeal.
Marco Rubio’s Misguided Investment Report
His new report offers odd theories from left-wing commentators.
Unequal to the Task
In the mid 1950s, Simon Kuznets published historical data on the distribution of income in the United States, covering a 35-year period beginning in 1913. This was the first time ...
Reshaping Bank Incentives
Most of the financial reforms that have been proposed since the financial crisis have been misguided, because they typically involve rules that banks would have overwhelming incentives to circumvent, rendering ...
The Case for Nominal-Growth Targeting
Texas governor Rick Perry drew criticism recently for suggesting that any attempt by Federal Reserve chairman Ben Bernanke to print money before the 2012 election would be treasonous. Much of ...