Patrick Horan

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Research Fellow
Patrick Horan is a research fellow at the Mercatus Center at George Mason University where he focuses on U.S. monetary policy and other macroeconomic issues. His writings have been published in academic journals including the Southern Economic Journal, the Quarterly Review of Economics and Finance, and the Journal of Policy Modeling as well as popular outlets including Barron’s, The Hill, City Journal, National Review Online, and Discourse Magazine.
He received his Ph.D. in economics from George Mason University and his AB in economics and political science from the College of the Holy Cross.
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why We Don’t Need To Tolerate Higher Inflation | Tribune News Service
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Legacy of Trailblazing Economist Robert Lucas | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
It’s Time for the Fed to Take a Breath | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Role of Sound Monetary Policy in an Abundance Agenda | Discourse
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Skyrocketing National Debt | American Radio Journal
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
The Failure of SVB | American Radio Journal
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
‘Team Permanent’ (Mostly) Won the Inflation Debate | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Money Supply Is Shrinking: The Fed Should Pay More Attention | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
As inflation soars, the Fed’s new monetary regime has faced heavy criticism, but adding a nominal GDP targeting component may help salvage this recently adopted framework.

Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why We Don’t Need To Tolerate Higher Inflation | Tribune News Service
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Legacy of Trailblazing Economist Robert Lucas | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
It’s Time for the Fed to Take a Breath | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Role of Sound Monetary Policy in an Abundance Agenda | Discourse
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Skyrocketing National Debt | American Radio Journal
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
The Failure of SVB | American Radio Journal
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
‘Team Permanent’ (Mostly) Won the Inflation Debate | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Money Supply Is Shrinking: The Fed Should Pay More Attention | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
As inflation soars, the Fed’s new monetary regime has faced heavy criticism, but adding a nominal GDP targeting component may help salvage this recently adopted framework.

Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Should the U.S. Return to the Gold Standard?
- | Expert Commentary Expert Commentary
What’s Going On at the Federal Reserve? | Discourse
- | Expert Commentary Expert Commentary
El Salvador Takes the Bitcoin Plunge But Goes Much Too Far
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Should Central Banks Offer the Public Token-Based Digital Currencies?
- | Expert Commentary Expert Commentary
Should Central Banks Offer the Public Digital Currency Accounts?
- | Expert Commentary Expert Commentary
Argentina Needs a Currency It Can’t Ruin
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Is a Gold Standard Practical Today?
Despite the strengths of a gold standard system, there are better alternatives

- | Expert Commentary Expert Commentary
Is a Gold Standard Practical Today?
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Ben Bernanke Should Advocate for NGDP Targeting
Moving away from inflation targeting could help the Fed better navigate future economic cycles

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
5 Problems with MMT
These Are the Biggest Weaknesses of Modern Monetary Theory
