Monetary Policy

The Federal Deposit Insurance Corporation (FDIC) is widely seen as a pillar of financial stability, but it is actually it is a warning label that confirms systemic fragility.

Greg Kaza reviews Brian Domitrovic's The Emergence of Arthur Laffer. Alienated from academia during the stagflation era, Laffer was able to reach policymakers by presenting his ideas in a simple way, such as with his famous napkin Laffer curve.

Brendan Brown reviews Ben Bernanke's 21st Century Monetary Policy. Bernanke gives a blow-by-blow account of his actions as Fed chair and justifies them as the "evolving" nature of the Fed. Unsurprisingly, he refuses to recognize the malaise of monetary inflation.

Peter Earle reviews Money and the Rule of Law: Generality and Predictability in Monetary Institutions. This edited volume delivers a timely critique of the Federal Reserve's discretionary monetary policy, arguing that a binding legal structure is needed to check its mission creep.

Greg Kaza reviews Ben Bernanke's 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19. The book is a candid yet self-justifying defense of the Federal Reserve's monetary policy that refuses to acknowledge how stimulus has driven inflation.

Joseph Salerno reviews Banking and Monetary Policy from the Perspective of Austrian Economics. Covering topics ranging from inflation targeting to cryptocurrency, this collection is indispensable reading for anyone interested in the Austrian monetary thought.

While Cantillon used the effects on family life to illustrate monetary theory, Degner lingers to employ sound monetary theory to trace out the effects on the family.

The notion that transparency fosters trust fails to account for the indispensable role of privacy. Privacy is not merely a personal preference—it is the guarantor of fungibility.

The comparison between gold and bitcoin comes down to their respective qualities and how well these qualities answer to the purpose of money.
 

In most of the world, inflation is no longer an exception, it is the rule. Official inflation targets of 4 percent, 5 percent, or even 6 percent per year have become normalized.