Scott A. Burns
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.
Judy Shelton and the Dual Mandate Debate
Shelton is right to criticize the full-employment aspect of the Fed’s dual mandate.
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.
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.
Trade War Goes Bipartisan, and the Fed Will Make It Worse
The trade war is heating up. Unfortunately, the Fed’s current framework will exacerbate the damage.
The Costs of Dodd-Frank
The jury is still out on whether Dodd-Frank has made the financial system more robust. But we are starting to get a clearer picture of what impact it has had on compliance cost, bank lending, and bank consolidation.
Should Everyone Have An Account At The Fed?
Some scholars argue that ordinary citizens should be allowed to open bank accounts at the Fed. Is this the best way to reduce financial exclusion?
Going Postal
Some politicians are calling for the return of postal banking. Should we heed their call?
Financial Inclusion: One Size Doesn’t Fit All
We can’t predict exactly what solutions will emerge from financial liberalization. The results will likely differ from country to country or region to region, depending on unique cultural and socio-economic factors.
Bloated Fed Not Ready for Next Recession
The Fed’s failure to shrink its balance sheet and commitment to paying above-market interest on reserves could undermine its ability to combat the next recession.
