Federal Reserve

Wanted: Long-Term Rules for the Short-Sighted Fed

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The Cato Journal’s Spring/Summer 2012 volume on “Monetary Reform in the Wake of Crisis” is not to be missed. Contributors include Allan Meltzer, John Allison, James Grant, George Selgin, and Judy Shelton, among others. You could think that so much …

The Revenge of Richard Nixon: The Consumer Financial Protection Bureau Spreads Its Tentacles

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Last month marked the one-year anniversary of the Consumer Financial Protection Bureau (CFPB).  At the time the Bureau was created I predicted that it would be a bureaucratic train wreck: an institution that is almost perfectly designed to manifest all …

After The Rule Of Law

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A new study contends that the Constitution’s structural attempt to limit executive power is now historically and practically outdated. Normatively, an unconstrained executive can deliver more of the goods we need and when we need them. John Samples offers a helpful intervention to such advice.