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Research

Research papers, briefings and recorded conversations from the Institute. Educational, sourced and free to read.

Research Papers

Longer studies on money, markets and economic history, published with their sources.

25 September 2026

Cover of The Hidden Regressive Tax

The Hidden Regressive Tax

Monetary expansion, asset prices and the asset-poor in the United States, 2000 to 2026

19 pages · Felix Prehn

Between January 2000 and June 2026 the US money stock grew four times faster than consumer prices. Asset values followed the expansion far more closely than the cost of living did.

Read the paperDownload the paper (PDF)

Briefings

Briefings by Felix Prehn on current market events. Each opens in the browser without registration.

Podcast

Recorded conversations.

Felix Prehn publishes on YouTube. The podcast is available on Apple Podcasts, Spotify, Amazon Music, Castbox, Pocket Casts and Audacy.

The Felix Prehn Podcast