The best Monetary Policy newsletters

Conks covers the plumbing of global money markets, with daily data snapshots on Treasury bill and coupon auctions, the Treasury General Account, bank reserves, Fed operations and repo benchmark rates. It also publishes longer analytical pieces and infographics on topics such as repo market structure, central clearing and the Treasury basis trade.

John Cochrane's Substack pairs technical working papers on inflation and monetary policy with free-market commentary on affordability, housing and public opinion. Readers get clear, opinionated explanations of economic models and policy debates from a Chicago-school perspective.

Matt Stoller's BIG examines monopoly power, antitrust, and corporate concentration through commentary on AI stock bubbles, Federal Reserve policy, and travel industry pricing. Readers get a critical, politically pointed take on how concentrated corporate power shapes prices, markets, and everyday costs.

Kyla's Newsletter offers in-depth economic analysis that connects topics like AI, oil, Treasuries, and consumer sentiment to everyday experiences. It features long-form essays, interviews with figures such as Chicago Fed President Austan Goolsbee, and reflections on labor versus capital and how people perceive the economy.

A macroeconomics newsletter examining the global economy and financial markets through data revisions, bond yields and central bank policy. Readers get detailed, data-driven analysis that challenges official statistics and explains what the numbers imply.

Kevin Erdmann analyses US housing costs, construction and rents against broader macroeconomic trends such as inflation, interest rates and investment. Readers get a data-driven argument that housing supply constraints, not demand, drive prices, along with monthly updates on residential construction.

A newsletter tracking global liquidity conditions, covering collateral values, central bank policy, bond yields and Bitcoin as a liquidity barometer. Issues combine weekly liquidity updates with longer analytical pieces that put market moves in historical context.

A heterodox macroeconomics newsletter that mixes personal tributes to recently deceased economists with technically detailed commentary on monetary policy history, Nobel prize analysis, and myths like petrodollar recycling. Readers get an opinionated, expert take on central banking and the ongoing debate over impoundment and executive power.

Economist Scott Sumner argues for restoring monetarism and nominal GDP targeting, explaining how interest on bank reserves changed the monetary system. He also shares reviews of films and books and comments on intellectual debates such as the legacy of Francis Fukuyama.

A daily-ish commentary on how crypto fits into shifting monetary, geopolitical and market structures, with weekly watchlists of events and papers. Readers get macro framing of bitcoin, stablecoins and money, plus summaries of research such as BIS work on trust and money.

A weekly market newsletter by Michael A. Gayed asking whether markets reward or punish risk, using four Lead-Lag signals tied to rates, volatility and credit. It also promotes the author's TSPY income ETF and a free-for-advisors service program run by an affiliated media company.

A news and commentary site that republishes libertarian-leaning opinion pieces from outlets like Mises Wire and the Ron Paul Institute alongside short news briefs on markets and geopolitics. Readers get takes on the Fed, US-Russia relations, the Ukraine war and Treasury yields, with a promotional emphasis on its polling.

Alasdair Macleod's Substack argues from a gold-as-money, sound-money perspective, offering commentary on the Ukraine war, US Treasury yields, debt, and monetary policy for investors. Issues are short opinion pieces that often lean on strong predictions, with some interview promotion and truncated excerpts.