Oct 11, 2021
Bad Economy Doesn't = Bad Monetary Policy
The economy is currently beset by all sorts of problems, mostly related to supply-side problems. And yet, I see no evidence that monetary policy is significantly off course.
Aug 6, 2021
Let's Get Back To Normal
This is the new normal.
Jul 19, 2021
Who Wants A Recession in 2024?
I don't expect a recession to occur in the next few years, but recessions are almost impossible to predict. It's more interesting to think about the sort of policy mistakes (were...
May 20, 2021
Saving, Investment, and Secular Stagnation
Secular stagnation is a long run problem, and hence is not caused by monetary policy, saving/investment imbalances, or the zero bound problem.
Apr 27, 2021
Capital Gains Nonsense
To anyone with knowledge of public finance theory, reading media reports of capital gains taxation is almost painful.
Apr 19, 2021
The Summer of 2021: Have Fun Kids. Stay Off My Lawn.
This will be a very weird summer.
Mar 4, 2021
This Seuss Story Is A Celebration Of Diversity
In the old days, we knew how to fix a book that had become dated. Today we’d rather just cancel the book and engage in self-righteous moral grandstanding.
Mar 1, 2021
Left Meets Right In Mexico
Andrés Manuel López Obrador sounds a lot like Donald Trump.
Feb 9, 2021
Please, Stop Talking About Bubbles
What happened to all those predictions about China bubbles?
Feb 1, 2021
One More Time: There's No Such Thing As Bubbles
The EMH predicts that the vast majority if speculative "bubbles" will burst.
Jan 29, 2021
Market Monetarism On The March?
Jay Powell seems to be learning from his predecessor's mistakes.
Jan 19, 2021
This Post Is Not About China
Take China's economic data at face value.
Jan 15, 2021
You Can't Handle The Truth
Well some of you can but...
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