Thomas Hogan of the American Institute for Economic Research writes about how the Federal Reserve’s usage of DEI criteria in monetary policy could have made inflation worse:

The Federal Reserve is tasked with conducting monetary policy in accordance with a dual mandate of maximum employment and stable prices. The Fed has traditionally used these goals as guidelines to help improve economic stability.
Under pressure to implement diversity, equity, and inclusion (DEI) initiatives, however, the Fed revised its monetary-policy objectives to make its employment target more “inclusive.” Pursuit of this goal was one reason that the Fed maintained an overly expansionary policy, with consequences of which we have only just been reminded.

Steve Hanke and Matt Sekerke write about the tricky situation low-income countries find themselves in with respect to sovereign debt:

A debt-burdened sovereign may request that a currency board system be part of its IMF-supported program, as the IMF cannot reasonably reject such a request. Alternatively, that sovereign may simply go it alone, designing its own exit strategy around currency-board-based monetary reform. Either way, LICs can choose to leverage monetary reform and market discipline to improve their financial health, or they can continue being treated as leverage in a messy game between the IMF, the United States, and China.