In my previous post I mentioned that my admiration for Keynes overall is quite strong. It is based on his deeds as a practioner of economic policy as well as his words as a theorist. Among his major writings on monetary economics, Indian Currency and Finance is…
(Prompted by a recent post by David Glasner.) A number of advocates of the gold standard claim they want to return to a "real," pre-World War I style gold standard rather than the interwar or Bretton Woods versions, which proved not to be durable. Unlike the pre-World…
That's the title of a new paper of mine released today by the Mercatus Center. It is intended to de-mystify monetary policy in a way that the layperson can understand. It might be useful in the classroom as well. Here's the abstract: This study examines the history…
I have a new op-ed at US News where I discuss a new proposal to create a Centennial Monetary Commission to do a "performance review of the Fed." The Fed has almost never been held accountable for how it has performed. We have simply assumed that we…
Jeff Hummel in the Wall Street Journal on the Federal Reserve; his article is titled "The New Central Planning." A Business Week article on Divisia money supply measures, a subject I have touched on in a few of my posts. Skepticism about the Cyprus Bitcoin ATM story….