Vice Chair Quarles’ Stigma Problem

Any potential gains from sticking to the Fed’s old toolkit are far outweighed by the potential costs of having to rely upon a tool which, if it isn’t quite “broken,” is too close to it for comfort.

February 6, 2020

Iran Is Not Hyperinflating

While Iran came close to hyperinflating in the fall of 2012, it has never experienced an episode of hyperinflation.

National Review (Online)