Alexander W. Salter
Salter earned his M.A. and Ph.D. in Economics at George Mason University and his B.A. in Economics at Occidental College. He was an AIER Summer Fellowship Program participant in 2011.
Articles
Disinflation Dreams and Keynesian Confusion
“America’s central bank has a lot of work to do to restore its lost credibility. Nevertheless, we have reasons to be optimistic.” ~ Alexander W. Salter
John Cochrane Offers Incomplete Explanation of Inflation
“His analysis implies the Fed could buy every financial asset in the world without causing inflation.” ~ Alexander W. Salter
Disinflation good, Fed bad
“There’s no way for non-market actors to direct credit more reliably than market actors. The discipline of profit and loss is essential.” ~ Alexander W. Salter
FOMC Raises Rates in July
“The Fed’s experiment with ‘average inflation targeting,’ which made policy even more discretionary and hence less predictable, has been a failure. It’s time for the Fed to recommit to credible price stability.” ~Alexander W. Salter
Central Bankers, Let the Price System Work!
“Congress is free to define ‘price stability’ however it wishes. If it wants a strict inflation target in all circumstances, that’s its right. But legislators would be well-advised to pay close attention to the microeconomic foundations of monetary policy.” ~ Alexander W. Salter
Fed Up with Tightening?
“Provided the recent monthly inflation figures give us an accurate forecast, the real federal funds rate is significantly above the natural rate. This indicates monetary policy is restrictive.” ~ Alexander W. Salter
Disinflation is Welcome, but the Fed’s Job Isn’t Done
“The Fed may not need to tighten any further, depending on how markets continue to react to its recent policy changes. But this is no time for complacency.’ ~ Alexander W. Salter
DeSantis Takes the Lead on Fed Reforms
“According to DeSantis, political elites want to ‘regulate [bitcoin] out of existence’ because it threatens their plans for social control. He’s right.” ~ Alexander W. Salter
The Spirit Of ’76: Libertarianism and American Renewal
“Until recently, we knew liberty without order was decadent and order without liberty was tyrannical. But many powerful and influential figures have decided this wisdom is obsolete because it obstructs their demands for ‘systemic equity’ or their desire to ‘own the libs.'” ~ Alexander W. Salter
Ramaswamy on CBDC
“GOP lawmakers absolutely should head CBDC efforts off at the pass, and the party’s presidential candidates should support that rejection.” ~ Alexander W. Salter
