Investing

In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime...

It was supposed to be a debacle. As the Second World War drew to a close, the nation's leading economists...

Thanks to the Roosevelt Recession, in the spring of 1938 the New Deal's "Keynesians" finally found themselves in the saddle,...

Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy.  Direct cash payments to...

(From the entry on "Money," by Charles Francis Bastable, in the famous 11th edition of the Encyclopedia Britannica): The very...

Although I've devoted many essays here to exploding myths about historical private currencies, there's one I've yet to directly challenge....

(Although my contributions to this series have so far been more-or-less in their proper order, this one isn't:  it occurred...

In a thought-provoking article published by the IMF in April, Ruchir Agarwal and Miles Kimball argue for moving away from...

The distinguished contributors to Populism and the Future of the Fed examine populist demands to expand the Fed’s mandate and...

RevisingTheBankSecrecyAct_NorbertMichelAndJenniferSchulp_CMFAWP007   The post Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007) appeared...