Scott A. Burns
Trump Breaks Unwritten Rule of Monetary Policy
President Trump violated long-standing norms with his swipes at the Fed. But the notion that his predecessors kept their noses out of the Fed’s business is largely a myth.
Growing Pains
Long-run growth projections have plummeted since the Great Recession. How much blame does fiscal austerity bear for this bleak outlook?
The End of Hyperinflation
Despite recent events in Venezuela, hyperinflation has become increasingly rare.
Trade Wars and Monetary Policy
Trump’s trade war is heating up. How can the Fed ensure it doesn’t cool down our economy too much?
Big Data, Monetary Calculation, and Monetary Authorities
The knowledge required to maintain monetary equilibrium is tacit and dispersed. No centralized monetary system, no matter how smart or well-intentioned its leaders, has access to that knowledge.
Trade Wars and Inflation
Trump’s trade war is heating up. What should central banks do to ensure their economies aren’t damaged too much?
Big Data and Central Planning
Does the rise of big data make Marx’s centrally planned utopia feasible? The answer is a big no.
Revenge of the Zombies, Part 2
Some Keynesians argue that today’s combination of low inflation and unemployment contradicts the natural-rate hypothesis. But is the labor market really as robust as they claim?
Revenge of the Zombies
The once-dead Phillips curve has come back to life. But its underlying argument is still dead wrong.
Setting Aside My (Fractional) Reservations
A decade ago, I was a fractional-reserve banking skeptic. Today, I’m all for it. Here’s why.
