The ongoing feud between President Trump and Fed Chairman Jerome Powell centers on interest rates. This tells us more about the near-universal view of what constitutes monetary policy than it does ...

Counterfactuals are always fun. Niall Ferguson has even written a book on them, and he’s surely not the only historian to do so. In this case, let’s imagine for a moment if Donald Trump had won ...

I understand how monetary policy would work in that imaginary Canada (at least, I think I do). Increasing the quantity of money (holding the interest rate paid on money constant) shifts the LM curve ...

Richard Hurowitz’s claim (“What Keynes Would Think of ‘Neo-Keynesians,’” op-ed, Sept. 21) that today Lord Keynes would support a return to the gold standard is incompatible with Keynes’s 1941 “Post ...

Yesterday, President-elect Joe Biden picked Janet Yellen to run the Department of the Treasury. The hope among progressives was that Biden would pick Elizabeth Warren, a politician Wall Street bankers ...

Capitalism has reached its peak, it has crossed the threshold on the other side of which all the measures taken to preserve it only hasten its self-destruction. It can no longer present itself as the ...

In an Instragam video over the weekend, Rep. Alexandria Ocasio-Cortez, a New York Democrat, mistakenly referred to economist John Maynard Keynes as “Milton Keynes,” mashing up his name with that of ...