Monetary policy

Inflation Opened the Door to American Neoliberalism

by Thom Hartmann

An inflationary crisis proved to be the justification for reworking the American political economy in the direction of the vast inequality we observe today. 

Back to the Seventies?

by Kenneth Rogoff

Problems of political economy complicate the job central bankers face in setting interest rates. From international relations to domestic politics to an aging population, an economist considers the similarities and differences between now and the 1970s. 

The Libertarian Ideas That Wrecked the Fed

by Bruce Bartlett

Friedman’s ardent libertarian faith was central to his monetarist thinking; like all libertarians, he was always extremely wary of anything that would cause the size of government to grow.

The Death of the Central Bank Myth

by Adam Tooze

A financial historian argues that it's time to see institutions like the European Central Bank and the Federal Reserve as political actors and question how and why they act.