Monetary Policy

Scott Sumner explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.

Monetary reform leading to a gold standard, which would solve numerous problems resulting from the present fiat money order, needs to become a populist issue to enjoy success.

Bob Murphy joins the show to discuss Rothbard's superb and eminently readable money book for lay readers.

Fekete was one of the few old Europeans to recognize the central role of money: on the positive side as a means of amicable division of labor, on the negative side as a casualty and lever of political intervention.

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.

What would it mean for the economy if by one fell swoop not just the debt owed to the central bank, but all of it disappeared?

Let us begin with what CBDCs definitely are not: they are not a new kind of cryptocurrency akin to bitcoin.

Let us begin with what CBDCs definitely are not: they are not a new kind of cryptocurrency akin to bitcoin.

The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.