George Selgin

Kate Stith has a great article on the fundamental issues raised by allowing agencies to raise and spend their own money, or to fund other agencies that in turn do whatever they like with monies so acquired.

I highly recommend this Preston Byrne article on this topic:

A fine thread by my @CatoCMFA colleague @EconWithNick.

Good work, Nick!

Joey, nice podcast. But you blew it by admitting you already had an NGDP mug! How are you going to build your collection that way?

Excellent post, David. Do you agree that Cochrane's post doesn't really paint the Fed as "neo-Fisherian" in the usually understood sense of that expression?

As I've argued for some time, adverse supply shocks notwithstanding, NGDP numbers suggest that the Fed is behind the curve in tightening. @mattyglesias agrees, and has an excellent post defending this view:

Too crude a dichotomy. Smith has a good discussion of the nature of Menger’s apriorism and its connection to his essentialism and “realism”:

Apparently, Menger _supported_ Austrian legislation _limiting_ working hours, where at the time the legal limit happened to be 15 hours. A very high limit, to be sure; but Menger's position can't be construed as "supporting" a 15 hour workday.

A fine book. Somebody pinched my old copy!

Post-Civil War, in part driven by state banks' removal from the currency business. Steve Quinn has an excellent essay on this:

A very good piece. I believe section 13 of FRA is part of the confusion, for it says Fed may (not must) accept deposits from banks etc.