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Weber at Shadow Open Market Committee Symposium: "Monetary policy after the...
Monetary policy after the crisis: A European perspectiveRemarks at Shadow Open Market Committee Symposium, presented by e21Ladies and gentlemenIt is a pleasure to be here and to speak to such a...
View ArticleMonetary Standards and the U.S. Constitution
With the arrival of Representative Ron Paul as Chairman of the House Committee on Banking, the interest in considering a meaningful monetary standard for the United States has presumably increased by a...
View ArticleShadow Open Market Committee meeting: "Exiting, Succession, and the Future of...
The Fall 2013 Shadow Open Market Committee Meeting featured six papers and a presentation by Esther George, president of the Kansas City Federal Reserve. Discussion centered around the Federal...
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Do We Really Need More Inflation?
Would the U.S. economy benefit if the Federal Reserve took deliberate action to increase the rate of inflation? That is the question addressed in a very recent and widely discussed article from the New...
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Is the Fed Slowing Growth?
On Saturday the New York Times had a very interesting write-up (buried on page B6) of Harvard University professor Larry Summers’ Friday panel discussion with Ben Bernanke at a Washington International...
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Good News for the American Economy
Friday’s U.S. employment report came in strong, showing nearly 300,000 new jobs created during the month of April. The unemployment rate declined to 6.3 percent, a level not seen since September 2008....
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The Case for the Gold Standard
Teaser: “There has not been one instance in history where active monetary management has advanced an economy.” So goes the bold claim in the new book by Steve Forbes and Elizabeth Ames, Money: How the...
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The Classical Theory of Inflation and Its Uses Today
Teaser: The classical theory of inflation attributes sustained price inflation to excessive growth in the quantity of money in circulation. For this reason, the classical theory is sometimes called the...
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Jobs Data Show that Fed Should Monitor Money
Teaser: The March employment report brought to a close a disappointing quarter for the U.S. economy. With only 126,000 new jobs created last month, gains since January totaled 591,000. That’s a...
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America Can Avoid “Japanese-Style” Deflation
Teaser: Persistently low inflation has led some to suggest that the United States may have entered a period of long-run economic stagnation. Support for the most pessimistic forecasts along these lines...
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Why Millennials Should Pay Attention to Monetary Policy
Teaser: The Federal Reserve is responsible for the economic well-being of the United States. Yet, if existing monetary policies are burdening the Millennial generation, how can America ever expect to...
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