Back in July 2015 I reminded Alt-M readers of a paper I presented at the 2012 Mont Pelerin Society meetings in Prague, as part of a session in which Otmar Issing, one of the euro's architects, also took part. As I remarked in that last post, although Mr. Issing…
The fall 2016 issue of the Cato Journal is now available. Along with articles on free speech, climate change, and the peculiar business of politics, the latest edition offers a full line up on pressing issues in the current discourse on monetary policy. Among them are pieces critiquing calls to raise the Fed's inflation target, the Fed's…
After spending some years in both legislative and regulatory policy roles, I’ve come to even more strongly believe that almost everything you really need to understand regulation can be found in Peltzman’s classic 1976 extension of Stigler’s original economic model of regulation. Almost everything. What I find lacking is recognition…
(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…
America's Bank, Roger Lowenstein's 2015 book on the founding of the Fed, is, as I said in reviewing it for Barron's, both well-written and well-researched. Few pertinent details of the story appear to have escaped Lowenstein's notice. However, in assembling and interpreting these details, Lowenstein appears not to…