Monetary policy influences inflation, employment, and economic activity. A stable but dynamic monetary system is vital for supporting economic growth, individual liberty, and a prosperous society. Therefore, we examine the causes and consequences of monetary policy (including inflation), identify ideal and practical steps towards a better monetary policy regime, and look at monetary alternatives and financial regulation.
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Our latest issue explores why economic misconceptions persist and the vigilance required to counter them.
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“Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say.” ~William J. Luther
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“More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral.” ~William J. Luther
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“Without structural reforms, inflation will continue to threaten the purchasing power of Americans.” ~Vance Ginn
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“The key question, moving forward, is whether the Federal Reserve’s shift to accommodation will be sufficient to counteract the emerging signs of economic contraction.” ~Peter C. Earle
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“Rate cuts based on hindsight instead of foresight can confirm a recession but can’t prevent it.” ~Richard Salsman
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“A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed.” ~William J. Luther
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“The Fed should ignore the political noise and follow the data. Central bankers failed to curb inflation, but that doesn’t mean they should deliberately make the opposite mistake now.” ~Alexander W. Salter
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“Treating cryptocurrencies like property for tax purposes discourages people from using them like monies.” ~Gerald Dwyer
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“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther
WJ Luther, N Sridhar. A Modern Guide to Austrian Economics, 200-215, 2022
BP Cutsinger, WJ Luther. Economics Letters 220, 110880, 2022
JL Jordan, WJ Luther. The Quarterly Review of Economics and Finance 84, 510-515, 2022
JR Hendrickson, WJ Luther. The Economics of Blockchain and Cryptocurrency, 51-68, 2022
JR Hendrickson, WJ Luther. The Quarterly Review of Economics and Finance 85, 200-207, 2022
PC Earle, DM Waugh. The Emerald Handbook on Cryptoassets: Investment Opportunities and …, 2023
PC Earle. Quarterly Journal of Austrian Economics 24 (4), 2022
RM Yonk, D Waugh. Cryptocurrency Concepts, Technology, and Applications, 2023
RE Wright. Journal of Interdisciplinary History 52 (4), 624-626, 2022
TL Hogan. The Review of Austrian Economics, 1-4, 2022
TL Hogan, DJ Smith. The Review of Austrian Economics, 1-23, 2022
TL Hogan. OP-1793,’Principles for Climate-Related Financial Risk Management for Large …, 2023
TL Hogan. Cato Institute, 2022