Monetary Policy

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Douglas French

Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.

Patrick Barron

A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.

George Ford Smith

Political money is unsound money, and while civilization cannot exist without sound money, it can do without predatory government.

Daniel Moule

Robert Mugabe, once president for life of Zimbabwe, became infamous for hyperinflation and political repression. Today, he is becoming the patron saint of central banking.