Blog

FinCEN’s Suspicious Statistics

It’s difficult to outdo the crypto community when it comes to making bold quantitative claims that, stripped out of context, mislead the incautious. But Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco recently came close.

Blog

Lars Svensson on NGDP Targeting

I was disappointed by the short‐​shrift given to NGDP targeting by Lars Svensson in his paper evaluating alternatives to strict inflation‐​rate targeting.