Reserve Bank of New Zealand (Economic Objective) Amendment Bill

I guess it will be an Act by the end of the day, but for now the short bill giving effect to a return to a single statutory objective for monetary policy is here. Yesterday’s parliamentary debate (first and second reading) is here, here, and here. The heart of the bill is this clause Note […]

Reserve Bank of New Zealand (Economic Objective) Amendment Bill

Lessons from Fighting 100 Inflations Since the 1970s

Inflation rates have come down since their peak in mid-2022. Does the Federal Reserve need to continue its inflation-fighting ways, keeping interest rates high? Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski, and WeiZhao of the IMF look to historical and international experience in “One Hundred Inflation Shocks: Seven Stylized Facts” (September 2023, WP/23/190). As…

Lessons from Fighting 100 Inflations Since the 1970s

Really?

It doesn’t seem to have been the best week for the Reserve Bank since the release of the latest Monetary Policy Statement last Wednesday. Of course, one could make a pretty compelling case that in the Orr years few weeks have been, and especially not any weeks when Bank figures actually say or do anything. […]

Really?

Prize lecture: David Card, Sveriges Riksbank Prize in Economic Sciences …

George Selgin on the New Deal and Recovery (and Relief and Reform)

TweetWant to get a few hours’ worth of solid learning in less than 35 enjoyable minutes? Listen to my Mercatus Center colleague David Beckworth’s podcast (from October 2022) with George Selgin on the New Deal. Seriously. It will be 34-plus minutes very well spent. George’s book – False Dawn – is forthcoming from the University…

George Selgin on the New Deal and Recovery (and Relief and Reform)

Milton Friedman: The Last Conservative | Hoover Institution

Ralph Hawtrey, Part 1: An Overview of his Career

One of my goals when launching this blog in 2011 was to revive interest in the important, but unfortunately neglected and largely forgotten, contributions to monetary and macroeconomic theory of Ralph Hawtrey. Two important books published within the last year have focused attention on Ralph Hawtrey: The Federal Reserve: A New History by Robert Hetzel, […]

Ralph Hawtrey, Part 1: An Overview of his Career

What Can We Conclude from the Evidence on Minimum Wages and Employment? …

More “Social Justice Fallacies,” with Thomas Sowell | Uncommon Knowledge

John Cochrane — Is It Getting Hot in Here?

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Bob Lucas on Growth, Poverty and Business Cycles 2/5/2007

Talking Poverty With Chris Arnade

Chris Arnade is the storied author of Dignity: Seeking Respect in Back Row America. He’s also a very cool guy. Last October, we “debated” poverty for the Acton Institute, though it was really more of an… 78 more words

Talking Poverty With Chris Arnade

Introduction to Microeconomics (Lecture 12: Labor and Unions) Murray N. Rothbard

Milton Friedman on Keynesian Economics

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