Chinese monetary history, communism, government debt financing, inflationary spiral, The Knowledge Problem

The history of China’s banking system in the first half of the 20th century offers powerful insights into the conduct of monetary policy and the consequences of government intrusion into banking and monetary institutions that are well worth considering today.  Monetary economists and monetary historians would do…

monetary policy, federal reserve, plosser, miron, selgin, sumner, john b. taylor

More than two hundred people gathered at the Cato Institute last Thursday for our 33rd Annual Monetary Conference.  Over the course of three addresses and four panel discussions, a distinguished cast of speakers — including St. Louis Fed president James Bullard, Richmond Fed president Jeffrey Lacker, and Stanford…