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Time for a Reentry to a Monetary Policy Strategy
In a new paper I examine the ways for the Fed to engage in a reentry to a rules-based monetary policy. For several years, starting around 2017, the Fed had begun to move to a rules-based monetary policy that had … Continue reading
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Principles of Economics — Open – Online – Ready To Go
This spring we will be offering an open online version of the Principles of Economics course. To get more information and sign up, go to https://www.edx.org/course/principles-of-economics. The course begins on Monday, March 29, 2021. It is self-paced so students can … Continue reading
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The Need for a Monetary Strategy
Today the Federal Open Market Committee described its upcoming plans for the federal funds rate through 2023. It is good, as I wrote last month on this blog that “Rules Are Back In The Fed’s Monetary Policy Report,” after a … Continue reading
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Rules Are Back In The Fed’s Monetary Policy Report
The Federal Reserve’s latest Monetary Policy Report just released on February 19, 2021 has a whole section on monetary policy rules. That policy rules are back in the Report is a very welcome development. It re-initiates a helpful reporting approach … Continue reading
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Watch, Listen, and Enjoy a Film About Thomas Sowell
The new one-hour program “Thomas Sowell: Common Sense in a Senseless World,” is a must watch. Beautifully narrated by Jason Riley of the Wall Street Journal, it tells the amazing life story of Thomas Sowell, born in 1930 in North … Continue reading
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Ideas and Actions for a Free Society: Still Relevant After a Year
Exactly one year ago, on January 15-17, 2020, a special meeting of the Mont Pelerin Society was held at the Hoover Institution at Stanford University. The Mont Pelerin Society was founded in 1947 for the “preservation and improvement of the … Continue reading
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Stampede Out, Stampede In
Today I published an article in Project Syndicate called “The Stampede from Silicon Valley.” The fact-based message of the article is clear: Tax, regulatory, and other economic burdens that firms face in California are creating a stampede to other parts … Continue reading
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Happy 100th Birthday to George Shultz
Today is George Shultz’s 100th birthday. There were so many wonderful celebrations and tributes, and many more to come. My family—Allyn, John, Jennifer, Josh, Olivia, Andrew, Jack, and I—walked over to his house and sang Happy Birthday as loud as … Continue reading
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Economic Policy and Foreign Policy Go Together
I gave the Peter G. Peterson Distinguished Lecture on “National Security and Fiscal Policy” at the Foreign Policy Association (FPA) in New York last week. Henry Fernandez gave a kind introduction and Tom Michaud moderated with great points. And thanks … Continue reading
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The Importance of Economic Policy in the 2020 Election
The following article by John Cogan and me responds to commentary on our Wall Street Journal article and emphasizes the importance of economic policy. The Importance of Economic Policy in the 2020 Election John F. Cogan and John B. Taylor … Continue reading
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