Author Archive
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Apr 23, 2024Several decades of neoliberal economic reforms brought about the greatest global reduction in poverty ever achieved, by far. But success brings laziness, and many countries began to... -
Apr 17, 2024The economy is still overheated. -
Apr 12, 2024JP Morgan is one of America’s most important investment banks but they don't anything about monetary policy -
Apr 9, 2024True of fales? Depends... -
Apr 4, 2024Some discouraging data on the drug problem. -
Mar 26, 2024Wage inflation, immigration and Fed gradualism -
Mar 22, 2024Correlation is still not causation. -
Mar 15, 2024Powell and the press are confusing relative and absolute price changes. -
Mar 1, 2024The problem with monetary hawks is that they are always looking for an excuse for tighter money. Doves have the opposite problem, a bias toward easier money. Recent events provide a... -
Feb 24, 2024Globalization is alive and well. -
Feb 22, 2024Is it possible that the next move in rates is up and not down? -
Feb 16, 2024Immigration explains the recent GDP boom. -
Feb 12, 2024Social scientists use both controlled and natural experiments to estimate the impact of various sorts of public policies. Does it work? -
Jan 29, 2024Back in the early 1980s, the Fed tried to gradually squeeze high inflation out of the economy, so as to avoid a bout of high unemployment. They failed. -
Jan 23, 2024Ever since the late 2010s, the US fiscal situation has been on an unsustainable path. Of course, the problems began even earlier. But since the late 2010s, the budget deficit has... -
Jan 4, 2024. . . but war cares about you. -
Jan 3, 2024Watch NGDP rather than inflation and everything becomes clearer.
