[![Media Name: cj-v38n2-cover.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/right-homepage-images/cj-v38n2-cover.jpg?itok=FP1yT-c2)](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2018/4/cj-v38n2.pdf) 

# Spring/​Summer 2018 

Vol. 38 No. 2 

Edited by [James A. Dorn](https://www.cato.org/people/james-dorn) 

[ 

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](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2018/4/cj-v38n2.pdf) 

The Future of Monetary Policy

##### Articles 

#### [Editor’s Note ](/cato-journal/spring/summer-2018/editors-note)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [Allan H. Meltzer: A Life Well Lived ](/cato-journal/spring/summer-2018/allan-h-meltzer-life-well-lived)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [Toward a Rules-Based International Monetary System ](/cato-journal/spring/summer-2018/toward-rules-based-international-monetary-system)

By John B. Taylor 

#### [Milton Friedman and the Case for Flexible Exchange Rates and Monetary Rules ](/cato-journal/spring/summer-2018/milton-friedman-case-flexible-exchange-rates-monetary-rules)

By Harris Dellas and George S. Tavlas 

#### [The Case for a New International Monetary System ](/cato-journal/spring/summer-2018/case-new-international-monetary-system)

By Judy Shelton 

#### [Some Thoughts on International Monetary Policy Coordination ](/cato-journal/spring/summer-2018/some-thoughts-international-monetary-policy-coordination)

By Charles I. Plosser 

#### [Demographics and Their Implications for the Economy and Policy ](/cato-journal/spring/summer-2018/demographics-their-implications-economy-policy)

By Loretta Mester 

#### [Normalizing Monetary Policy ](/cato-journal/spring/summer-2018/normalizing-monetary-policy)

By Martin Feldstein 

#### [Priorities on the Path to Normalization ](/cato-journal/spring/summer-2018/priorities-path-normalization)

By Kevin Warsh 

#### [The Optimum Quantity of Money and the Zero Lower Bound ](/cato-journal/spring/summer-2018/optimum-quantity-money-zero-lower-bound)

By J. Huston McCulloch 

#### [Exit Strategies from Monetary Expansion and Financial Repression ](/cato-journal/spring/summer-2018/exit-strategies-monetary-expansion-financial-repression)

By Gunther Schnabl 

#### [Progress and Promise for Monetary Policy Reforms ](/cato-journal/spring/summer-2018/progress-promise-monetary-policy-reforms)

By Rep. Andy Barr (R‑KY) 

#### [The Curse of the War on Cash ](/cato-journal/spring/summer-2018/curse-war-cash)

By [Lawrence H. White](https://www.cato.org/people/lawrence-white) 

#### [Special Interest Politics Could Save Cash or Kill It ](/cato-journal/spring/summer-2018/special-interest-politics-could-save-cash-or-kill-it)

By [Norbert J. Michel](https://www.cato.org/people/norbert-michel) 

#### [The Costs and Benefits of Eliminating Currency ](/cato-journal/spring/summer-2018/costs-benefits-eliminating-currency)

By William D. Lastrapes 

#### [The Slow, Uneven Rise of the Renminbi ](/cato-journal/spring/summer-2018/slow-uneven-rise-renminbi)

By Eswar S. Prasad 

#### [Bluster Notwithstanding, China’s Bargaining Position Will Weaken ](/cato-journal/spring/summer-2018/bluster-notwithstanding-chinas-bargaining-position-will-weaken)

By Charles Calomiris 

#### [Long-Term and Short-Term Impediments to the RMB’s Rise as a Reserve Currency ](/cato-journal/spring/summer-2018/long-term-short-term-impediments-rmbs-rise-reserve-currency)

By David Dollar 

##### Book Reviews 

##### [*Clashing Over Commerce: A History of U.S. Trade Policy* by Douglas A. Irwin](/cato-journal/spring/summer-2018/clashing-over-commerce-history-us-trade-policy-douglas-irwin)

By [Daniel J. Ikenson](https://www.cato.org/people/daniel-j-ikenson) 

##### [*Statecraft and Liberal Reform in Advanced Democracies* by Nils Karlson](/cato-journal/spring/summer-2018/statecraft-liberal-reform-advanced-democracies-nils-karlson)

By [John Samples](https://www.cato.org/people/john-samples) 

##### [*The Cadaver King and the Country Dentist: A True Story of Injustice in the American South* by Radley Balko and Tucker Carrington](/cato-journal/spring/summer-2018/cadaver-king-country-dentist-true-story-injustice-american-south)

By [Jonathan Blanks](https://www.cato.org/people/jonathan-blanks) 

##### [*The Case Against Education: Why the Education System Is a Waste of Time and Money* by Bryan Caplan](/cato-journal/spring/summer-2018/case-against-education-why-education-system-waste-time-money-bryan)

By Allen Mendenhall 

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