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FinRegRag is the Mercatus Center's ongoing and informal discussion of all things financial regulation.

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Latest Issues

Central Bank Independence — To What Degree?

Central bank independence from direct government control is generally accepted as the best means for a nation to achieve low inflation and relatively stable macroeconomic outcomes.[1]

Independence, however, does not guarantee those outcome...

a month ago
11

Kevin Warsh's Confirmation Hearing

  1. Fed independence is a major challenge confronting Kevin Warsh should he be confirmed. Warsh says he will be independent, but he will be at risk almost immediately if confirmed. The President expects Warsh to lower interest rates soon aft...
a month ago
8

Boom-Bust Cycle

The central issue for the U.S. economy in 2026 is not whether the economy retains momentum. It does. The more important question is whether the policies sustaining it are increasing the likelihood of greater instability later, in 2027 or be...

a month ago
6

Should There Be a New Treasury–Fed Accord?

On Wednesday, Thomas Hoenig testified before the House Financial Services Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity at a hearing entitled, “Revisiting the Treasury-Fed Accord.” Below is a recording o...

2 months ago
5
1

Fiscal and Monetary Policy: On Thin Ice

Pieter Bruegel the Elder, Winter Landscape with Skaters and Bird Trap (1565)

It is a desperately unpopular undertaking to dare to sound a discordant note of warning in an atmosphere of cheer, even though one might be able to forecast with...

3 months ago
9
3

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  • The Mercatus Center

    The Mercatus Center at George Mason University is the world’s premier university source for market-oriented ideas

  • Thomas Hoenig

    Distinguished Senior Fellow at the Mercatus Center, George Mason University, Former President of the Federal Reserve Bank of Kansas City, Former Vice-Chair of the FDIC.

  • FinRegRag
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