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The Many Harms of Unlimited Deposit Insurance
Unlimited deposit insurance – the government guaranteeing that bank accounts of any size be made whole-in the event of a bank failure – would create…
Blog
Fed Credibility Depends on it Continuing to Raise Rates
Today’s federal funds rate hike is good news because it signals commitment. That will help the public to expect the Fed to continue to…
Bloomberg
Biden Vows to Hold Banks Accountable, Urges Stronger Rules (2)
President Joe Biden sought to reassure jittery consumers and markets the US financial system is on solid footing, promising to hold responsible those behind the collapse of…
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Reason
They Fell Behind on Their Property Taxes. So the Government Sold Their Homes—and Kept the Profits
Geraldine Tyler is a 94-year-old woman spending the twilight of her life in retirement, as 94-year-olds typically do. But there isn’t much that’s typical about…
Blog
Federal Reserve Declines to Become Climate Regulator
Most agencies can either do one thing well or many things poorly. For example, the Federal Reserve would be perfectly capable of keeping inflation low…
Blog
Agenda for Congress: Inflation
CEI’s Agenda for Congress is out now. This post summarizes its recommendations for inflation. Since inflation is mostly a monetary phenomenon, it is…
News Release
Fed Raises Rates Again to Slow Inflation
The Federal Reserve has been trying to slow inflation by raising interest rates, today issuing its smallest rate increase since June – raising the federal…
Blog
Gas Prices Are Lower than a Year Ago: What Does that Mean for Inflation?
Even with inflation near 40-year highs, gas prices are lower than a year ago, and not just in real, inflation-adjusted terms. They’re lower even…
Blog
Retro Review: George Selgin, Less Than Zero: The Case for a Falling Price Level in a Growing Economy (Institute of Economic Affairs, 1997)
This year, inflation reached levels not seen in 40 years. The Federal Reserve spent most of 2022 trying to undo its runaway money creation in…