The Cato Institute recently released the 8th edition of its Handbook for Policymakers. Compiled by Cato scholars, it provides advice for the new administration and Congress on key domestic and foreign policy issues. The CMFA’s George Selgin, Thaya Brook Knight, and Mark Calabria (now Chief Economist to…
(Originally appeared on June 19, 2013.) Kurt's recent post on NGDP targeting just happens to come right on time to introduce one I'd been contemplating concerning the connection between such targeting and free banking. While many readers may suppose the two things to represent alternative, if not…
Despite both the recent release of a set of “GSE reform principles” by the Mortgage Bankers Association and Treasury Secretary Designee Steven Mnuchin’s promise to prioritize reform of Fannie Mae and Freddie Mac, as matters stand such reform seems likely to remain stalled for some time: while…
Financial innovations like mobile money have gained fame for transforming commerce in the developing world. But they’re also helping the poor escape poverty. In an earlier post, I showed how over the past few years M-PESA and other kinds of “mobile money” have made sending money across…
I have been vigorously recommending that President-elect Trump replace Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB). I still think that replacing Director Cordray is necessary for reasons I’ve enumerated elsewhere; but on Friday the CFPB filed a petition for a rehearing of a…