Thomas L. Hogan

Associate Senior Research Fellow

Thomas L. Hogan, Ph.D., is an Associate Senior Research Fellow at AIER. He was formerly the chief economist for the U.S. Senate Committee on Banking, Housing and Urban Affairs. He has also worked at Rice University’s Baker Institute for Public Policy, Troy University, West Texas A&M University, the Cato Institute, the World Bank, Merrill Lynch’s commodity trading group and for investment firms in the U.S. and Europe. Dr. Hogan’s research has been published in academic journals such as the Journal of Macroeconomics and the Journal of Money, Credit and Banking. He has appeared on programs such as BBC World News, Stossel TV, and Bloomberg Radio and has been quoted by news outlets including CNN Business, American Banker, and the National Review.

The Fed Has a Groupthink Problem. Warsh Can Fix It 

Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.

The Fed Has a Groupthink Problem. Warsh Can Fix It 

Is Crypto Just a Meme Coin Casino?

While there is certainly speculation in cryptocurrencies, as in all financial markets, the cryptocurrency industry is more than meme coins.

Is Crypto Just a Meme Coin Casino?

Will Bitcoin Strengthen or Weaken US Dollar Dominance?

Bitcoin’s rise is likely to reshape the global role of the dollar.

Will Bitcoin Strengthen or Weaken US Dollar Dominance?

Which Crypto Tokens are Securities?

This Paper proposes a simple way to differentiate which crypto tokens should be treated as securities.

Which Crypto Tokens are Securities?

Fed Admits It Was Wrong – Kind Of

"So rather than starting to tighten policy in the fourth quarter of ‘21, as Powell described, the Fed was implicitly loosening policy through May of ‘22." ~Thomas L. Hogan

Fed Admits It Was Wrong – Kind Of

The IMF is Wrong – and Right – About Crypto

"The IMF and FSB’s recommendations are transparently pro-government and anti-citizen. They overstate the potential harm of cryptocurrencies and propose monitoring systems that would benefit tyrannical governments at the expense of…

The IMF is Wrong – and Right – About Crypto

Inflation Ticks Up Again. Keep an Eye on Oil

"Major changes in oil prices seem likely to drive the near-term changes in CPI inflation, both headline inflation and possibly core as well. Another big question is how the Fed…

Inflation Ticks Up Again. Keep an Eye on Oil

The Fed Hits 3,000 Percent Inflation

"US inflation was not always as persistently high as it has been under the Fed. Before the Fed, the purchasing power of the dollar was determined by supply of and…

The Fed Hits 3,000 Percent Inflation

The SEC’s Illegal War on Crypto

"SEC officials have relied on opaque and discretionary enforcement actions. They have charged companies for not complying with the law without clearly stating what the law is." ~ Thomas L.…

The SEC’s Illegal War on Crypto

What’s Next for the Fed?

"A wide range of outcomes are still possible for 2023, ranging from stagflation to a 'soft landing.'" ~ Thomas L. Hogan

What’s Next for the Fed?