Of many interesting things said during Cato's 36th Monetary Conference, one in particular tempted me to rush to the podium to give its author a big hug. The speaker, Joe Gagnon of the Peterson Institute, was calling into question the now-conventional wisdom that, to avoid interfering with…
The Cato Institute recently released the 8th edition of its Handbook for Policymakers. Compiled by Cato scholars, it provides advice for the new administration and Congress on key domestic and foreign policy issues. The CMFA’s George Selgin, Thaya Brook Knight, and Mark Calabria (now Chief Economist to…
Having spent the last month or so poring over writings on last-resort lending,* and especially writings dealing with the recent crisis and its aftermath, with the particular aim of discovering the best means for supplying last-resort credit when it's called for, and for not supplying it when…