Scott A. Burns
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R.I.P. Richard H. Timberlake
“Timberlake provided a blueprint for future sound money scholars to conduct thorough and well-respected research on monetary theory and history.” ~ Scott Burns
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The Fed Cannot Combat Coronavirus
At a campaign speech on February 29, Senator Elizabeth Warren (D-Mass.) introduced her economic plan for combating COVID-19, more commonly known as the coronavirus. The Warren plan has two elements. […]
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Bootleggers, Baptists, and Banking
Big tech giants like Amazon, Google, and Facebook are trying to enter the banking business. But they’re facing stiff resistance from a number of sources.
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Banking the Unbanked: Lessons from the Developing World
Access to financial services, or “financial inclusion,” has long been recognized as a critical step towards escaping poverty. Having a bank account enables people to protect their savings, diversify risk, lower […]
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Krugman’s Zombie Idea: We Owe It to Ourselves
Paul Krugman claims that the national debt doesn’t matter because “we owe it to ourselves.” This “zombie idea” is dead wrong.
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The Fed Should Not Paper Over the President’s Policy Errors
Printing money cannot dry up a flood or produce more rainfall in a drought. And it cannot fix the very real problems that result from a trade war.
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The Most Dangerous Idea in Central Banking
Progressives like Yglesias recognize the danger of money in politics. They should consider the danger of politics in money, as well. And not just when it suits their interests.
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Judy Shelton and the Dual Mandate Debate
Shelton is right to criticize the full-employment aspect of the Fed’s dual mandate.
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If Libra Threatens Central Bank Power, that’s Great
For hundreds of millions of citizens across the world, digital currencies like Bitcoin, Ripple, and potentially even the Libra don’t pose a threat to financial stability. They offer an escape from chronic financial instability and high and variable rates of inflation that result from poorly managed government monies.
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Monetary Policy 10 Years After the Crisis
A decade has passed since the financial crisis of 2008-9. Unfortunately, the Fed is more politically exposed (and policy constrained) than ever.
