Everyone is interested in monetary policy and the Fed all of a sudden, so, what the hell, I’ll chime in too. Here is my ranking of monetary regimes: Depoliticization and denationalization of money. Free banking. The market selects a currency and banking is “regulated” in court under the common law of contract. The Fed is [...]

Tags: Cowen, Euro, Federal Reserve, Free Competition in Currency Act, monetary policy, optimal currency area, Paul, quantitative easing, Sumner, Tabarrok, Watts
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Wednesday will be an interesting day, and not just because of the introduction of the iPad. It is also likely to be the start of Fed Chairman Ben Bernanke’s confirmation hearings for a second term. The final result no longer seems to be in doubt. Intrade now reports over a 90 percent probability of confirmation; [...]

Tags: Bernanke, Congress, elitism, Federal Reserve, fiscal policy, monetary policy, populism
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