Political announcements, such as Donald Trump's shock move to slap tariffs on Mexico, have an impact on monetary policy decisions and could undermine trust in policy makers, said economists and academics on Friday. This erosion of trust could spill over into other areas, diminishing the influence that the US monetary policy has on the global economy, they added. They were speaking to the media on the sidelines of the 6th Asian Monetary Policy Forum held in Singapore.

Last week BP and Shell both pledged support for the Climate Leadership Council’s (CLC) proposal for a revenue-neutral “carbon fee and dividend” plan, under which extractors of carbon-based fuels would be charged a fee, and all of the money collected would be distributed to the public as a dividend. While conservatives have a wide variety of views on how, or even whether, to address climate policy, this initiative is perhaps the most genuinely bipartisan attempt so far to move forward on a famously contentious issue.

In the department of genuinely terrible, and terrifying, ideas, I just got the a request from Simon Youel, the Media and Policy Officer at Positive Money, regarding the appointment of Mark Carney's successor as Governor of the Bank of England. Positive money is organizing a "joint letter to the Financial Times, calling on the Chancellor to appoint someone who’ll foster a pluralistic policy-making culture at the central bank."

Hoover Institution fellow John Taylor discusses how we can educate young people and reclaim words like “liberalism,” “democracy,” and “capitalism.” Taylor also talks about influencers like Milton Friedman, Friedrich Hayek, Adam Smith, and the mysterious Mont Pelerin Society.