behavioral economics, Market Monetarism, monetary rules, NGDP targeting, Taylor Rule

Earlier this month a crowd of over a hundred and fifty gathered at George Mason University’s Arlington Campus for an academic conference co-hosted by the Mercatus Center and the CMFA. The conference, “Monetary Rules for a Post-Crisis World,” featured leading monetary economists, Washington’s top financial journalists, and…

titanic, ffr, FOMC, monetary control, Open Market Operations, SOMA, fed funds rate

It's high time that I got 'round to the subject of "monetary control," meaning the various procedures and devices  the Fed and other central banks employ in their attempts to regulate the overall availability of liquid assets, and through it the general course of spending, prices, and…

Constitutional Money, Gold standard, McCulloch v. Maryland, Richard Timberlake, Supreme Court

(In honor of Constitution Day, September 17th — which is observed today — we are reprising this post from April 26th, 2013, on CMFA Academic Advisor Richard Timberlake's book Constitutional Money.) That's what Dick Timberlake originally planned to call the fantastic book that Cambridge University Press has recently published…