Monetary economics

The consensus on Alan Greenspan's performance as Fed chair used to be extremely positive, but more and more it's been called into question. Now, 2008 has seen Ben Bernanke in the eye of a storm that was created largely during Greenspan's tenure. His...

A novel perspective on monetary and fiscal policy that views money as the equity capital of a nationA conventional economic theory, monetarism, holds that inflation is a monetary phenomenon driven by changes in the supply of money. Yet recent experience...

With the inflation rate in the United States and many other countries on the rise for over a year and nearing double digits, the Hoover Institution hosted its 2022 conference on monetary policy. Policy makers, market participants, and academic...

Do the Fed's efforts to stabilize the economy worsen inequality?The Federal Reserve, the U.S. central bank, was built for a monetary system composed primarily of investor-owned, government-chartered banks. But over the years, the erosion of banking law...

During the 1980s and 1990s, European economies went through a period of slowing economic growth and high unemployment, what some economists described as "secular decline." On the other side of the Atlantic, the United States enjoyed a robust recovery...

Steve Forbes, Nathan Lewis, and Elizabeth Ames reveal what is behind the inflationary storm that is wreaking havoc on American pocketbooks.Inflation: What It Is, Why It's Bad, and How to Fix It explains what's behind the worst inflationary storm in more...

A bold agenda for a better way to assess societal well-being, by three of the world's leading economists and statisticians.In 2009, a group of economists led by Nobel laureate Joseph E. Stiglitz, French economist Jean-Paul Fitoussi, and Nobel laureate...

The progressive economics writer redefines the national conversation about American freedomHealth insurance, student loan debt, retirement savings, child care, work-life balance, access to home ownership-these are the issues driving America's current...

An in-depth look at how politics and economics shape the relationship between Congress and the Federal ReserveBorn out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the...

In the wake of the 2008 financial crisis, critical attention has shifted from the economy to the most fundamental feature of all market economies-money. Yet despite the centrality of political struggles over money, it remains difficult to articulate its...

Why the dollar will remain the world's most powerful currencyMonetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political,...

The fascinating untold story of digital cash and its creators-from experiments in the 1970s to the mania over Bitcoin and other cryptocurrenciesBitcoin may appear to be a revolutionary form of digital cash without precedent or prehistory. In fact, it is...

A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power's currency--the British...

How silver influenced two hundred years of world history, and why it matters todayThis is the story of silver's transformation from soft money during the nineteenth century to hard asset today, and how manipulations of the white metal by American...