mmt, banking regulation, bank run, bank failure, regulation, free banking

Yesterday morning, a Modern Monetary Theorist tweeted part of a 2017 interview he did with Warren Mosler, one of that school's leading proponents and benefactors. As the clip was titled "Against Free Banking: The Liability Side Isn't The Place For Market Discipline," yours truly couldn't resist a…

How should central bankers provide aid to struggling financial institutions during a panic? Ask 19th-century economic theorist Walter Bagehot. Or, if you can't do that, ask his biographer: acclaimed author, publisher, and monetary scholar James Grant. Join Grant and the Cato Institute's George Selgin on Wednesday, September…

dollarization, Ecuador, mercantilism, trade

An interesting debate has arisen in Ecuador during recent weeks over the following proposition advanced by authors at a Quito think tank: a dollarized country shouldn't reduce its tariffs when the dollar is overvalued relative to the currencies of its regional trading partners (according to purchasing-power-parity measures)…