Banking's Past, Present, and Future
Writing in the Wall Street Journal, Seth Lipsky argues that we need fewer economists and more constitutional scholars at the Federal Reserve. Lipsky’s column was inspired by Sen. Richard Shelby’s (R-AL) move to block the nomination of Peter Diamond, an MIT professor and 2010 winner of the Nobel prize in Economics, to the Board of … Read more
The Wall Street Journal has demonstrated nostalgia for the gold standard by publishing two pro-gold standard opinion pieces this week. Both are long on nostalgia and short on analytical content. On Tuesday, long-time gold enthusiast Lewis Lehrman made his pitch, arguing that a return to the gold standard was necessary to restore fiscal balance. I … Read more