Free Banking is now Alt-M

If you haven’t seen much of me on these pages lately, that’s because I’ve spent most of the last few weeks feeding and grooming my favorite hobby horse: that’s right, the Fed’s policy of encouraging banks to hoard reserves by paying above-market rates on their Fed reserve…

The post Our Unhinged Fed appeared first on Alt-M.

The Federal Reserve released the minutes from its June policy-setting meeting yesterday afternoon. The Federal Open Market Committee (FOMC) minutes reflect an economic outlook consistent with recent public comments made by Fed officials: an improving labor market, confidence that the current path of monetary policy will achieve 2% inflation…

The post What the FOMC Minutes Reveal about Normalization appeared first on Alt-M.

Research papers presented at November’s 34th Annual Monetary Conference: Central Banks and Financial Turmoil are now available in the latest edition of  the Cato Journal. The articles investigate pressing questions like the monetary effects of macroprudential regulation, central banks and the debt trap, and the monetary transmission…

The post New Release: Special Cato Journal Monetary Issue appeared first on Alt-M.