Politicians all over the world are exacerbating bad fiscal and regulatory policy with bad monetary policy.

Bad government polices make bitcoin necessary.

Can competitive currencies replace central banking?

A London central banker was refreshingly candid about the dangers of easy money.

There is good reason to be concerned about economic stagnation.

I’ve expressed concern about QE3 and other decisions by the Federal Reserve about monetary policy, but I have also admitted that it’s difficult to know the right monetary policy because it requires having a good idea about both the demand for money and the supply of money. But this raises a bigger issue. The only […]

Writing in yesterday’s Washington Post, former Obama economist Larry Summers put forth the strange hypothesis that more red ink would improve the federal government’s long-run fiscal position. This sounds like an excuse for more Keynesian spending as part of another so-called stimulus plan, but Summers claims to have a much more modest goal of prudent […]