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OCC aligns with CEI suggestions in new stablecoin rule
Last week, the Office of the Comptroller of the Currency (OCC) released its long-awaited final rule implementing the GENIUS (Guiding and Establishing National…
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Why can’t we just print more money?
Last week, I attended an event at a think tank where the conversation centered on the federal budget and national debt. At one…
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Are stablecoins already delivering what CBDCs promise?
Many proposals for a central bank digital currency (CBDC), a digital form of the US dollar issued by the Federal Reserve, have circulated…
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The Federalist
It’s Time For Congress To Take Out America’s Regulatory Trash
The Federalist cites CEI on yearly regulations: According to the Competitive Enterprise Institute (CEI), 2019 was the only year on record…
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There is no such thing as a free lunch, especially under MMT.
Modern Monetary Theory (MMT) has emerged in recent years as a highly-debated economic concept, challenging traditional views on national debt and money. MMT is…
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A rule for the Fed
The Washington Examiner is running a series of pieces on policies the next administration should pursue. My contribution details a way to contain…
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Fed flirts with stimulus
As expected, the Federal Reserve signaled its commitment to fighting inflation by holding interest rates steady at this week’s Federal Open Market Committee meeting.
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Weak GDP is first stress test for inflation fighters
I have been saying for a while that inflation expectations will remain high until policymakers prove they can restrain their stimulus spending during an…
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February inflation stays high, fiscal credibility remains a problem
Headline CPI inflation numbers sped up in February. Monthly inflation increased 0.3 percent in January, and 0.4 percent in February. Year-to-year inflation is…