Monetary

The New Yorker’s John Lanchester, in The Invention of Money, concludes that “Today, we live in a version of John Law’s system.”

In the Washington Times, Richard Rahn says negative interest rates don’t spur growth.

Tax

Bloomberg reports Senator Ted Cruz, along with 20 other Senate Republicans, are calling on Trump and Mnuchin to index capital gains for inflation.

Spending

In the National Pulse, Jon Decker says the swamp wins in new budget agreement.

At the Daily Caller, Adam Brandon says GOP leadership has abandoned fiscal responsibility.

Dan Mitchell says President Trump is making big government even bigger.

Regulatory

In the American Mirror, Victor Skinner reports the Senate is eyeing a bill that could heavily fine memes.

NTU says the Fed should not operate a real -time payments system that competes with the private sector.