Watching the frenzy surrounding Judy Shelton's confirmation hearing before the Senate Banking Committee on February 13, one is led to believe that the gold standard is a "nutty" idea, for which no serious economist or monetary policymaker could possibly have a kind word. This post critiques that…
One of the challenging things about my job here at Cato is that it calls for me, not only to make the case for monetary alternatives, but to comment on current Fed policies. Why is that such a challenge? Because, so far as many of my fellow…
This morning, upon logging in to my Twitter account, I found it brimming with reports that the Hong Kong government was about to embark upon an unprecedented experiment with helicopter money. "Helicopter Money is Here," blurts an FT Alphaville headline. "Hong Kong Embraces Helicopter Money," says Zero…
The winter 2020 edition of the Cato Journal is now available online! Articles in this issue discuss a range of topics—from the proper size of government, to the relationship between tariffs and monetary policy, to the life and legacy of Frederick Douglass. Below, you'll find summaries of each article, with links to the full-text versions embedded in the titles.
Considering all the new tools the Fed has toyed with since the onset of the last crisis, one might find Mr. Quarles' stance refreshing. George Selgin fears, however, that he has chosen the wrong occasion on which to put a kind word in for old-fashioned bureaucratic inertia.