What Is Optimal Monetary Policy, Anyway?
Ever since the important contributions of new classical economists Finn E. Kydland and Edward C. Prescott during the 1970s and 80s, modern macroeconomics seeks…
Stockman: Good Riddance! How “Opioid Janet” Got Wall Street Hooked On Monetary Heroin, Part 2
Janet Yellen deserves exactly none of the adulation being conferred upon her tenure by the mainstream financial press. In fact, her reign will be judged…
Stockman: Good Riddance, Janet, You Were A Colossal Failure, Part 1
This is one for the record books. During Janet Yellen’s last week in office, the Dow dropped by 1,095points or 4.1%. But by her lights, apparently, that wasn’t…
How to Win a Great-Power Competition: Alliances, Aid, and Diplomacy in the Last Struggle for Global Influence
The United States is confronted with a condition in the world which is at direct variance with the assumptions upon which [our foreign] policies…
From the Moneyness Blog: Electronic money will only save central banks from subjugation if it is anonymous
50 SEK banknote issued by the Riksbank in 1960 “Do we need an eKrona?” asks Stefan Ingves, the Governor of the Riksbank, Sweden’s central bank. The…
Homos Economicus: a Largely Irrational Animal
Or ‘How Expected Utility Theory was Successfully Challenged by a Nobel Prize-winning Hypothesis’ By Jessica King 2002’s Nobel prize-winning economist Daniel Kahneman wrote…
A Brief (and Messy) History of Modern Gold Standards
Marcia Christoff-Kurapovna Although gold prices hit a new high in mid-January, Americans, by and large, are still reluctant about gold. They don’t quite “get it.” This…
Jeffrey P. Snider: Good or Bad, But Surely Not Transitory
by Jeffrey P. Snider When Federal Reserve officials first started last year to mention wireless network data plans as a possible explanation for a…
The Swiss Franc and The Euro: What Now?
By Mihai Macovei In January 2015, the Swiss National Bank (SNB) unexpectedly removed the de facto peg of the franc to the euro.1 The move was welcomed by…
The Hanseatic League: An “Empire” of Commerce
By Marcia Christoff-Kurapovna Once upon a time there was a northern, medieval phenomenon as much the subject of universal myth and curiosity as that of…