Editor's Pick

Ever since Federal Reserve Chairman Jerome Powell described cyclical or COVID-related elements of inflation as "transitory" (an ambiguous phrase now...

Starting with the April 2021 release, virtually every monthly Consumer Price Index (CPI) report has indicated some form of abnormally...

I've often drawn attention here to the virtues of the Canadian banking system, especially as it was between the passage...

"The fateful errors of popular monetary doctrines which have led astray the monetary policies of almost all governments would hardly...

Many economists acknowledge that ordinary private goods and services need to “pass the market test”—generate revenue in excess of expenses—to...

Saule Omarova Beth and Marc Goldberg Professor of Law Cornell Law School Ithaca, NY Dear Professor Omarova, As you probably...

There is increasing pressure on central banks to take climate change into account in formulating monetary policy.  The Bank of...

Many observers are treating China’s plan for a central bank digital currency (CBDC) as a strictly progressive, technical move that...

In view of the Fed's failure to achieve two percent inflation for much of the post-2007 period, the suggestion that...

August 15, 2021 marks the 50th anniversary of the day President Richard Nixon “closed the gold window,” ending the postwar...