In a series of articles brought to my attention today, Matthew C Klein has been building the case for separating lending institutions from depository institutions. In Klein’s… Read more “One M2 to Rule Us All”
David Beckworth, Scott Sumner, and Ryan Avent discuss market monetarism at the American Enterprise Institute.
First up, Matthew Yglesias reports on the situation in Cyprus: That’s not to say that departure from a currency union is the only scenario in which capital… Read more “Notes on Currency and Recession”
I’m excited, because today I get to catch Paul Krugman red handed criticize Paul Krugman, which is a very rare occurrence, indeed! In responding to John Cogan… Read more “Paul Krugman Forgot His Economist Hat”
Late, as usual, but writing in the Financial Times on Wednesday, Chris Giles makes a very strong case against the view that austerity is what is hurting… Read more “The EU is What Ails Britain”
Matthew Yglesias comments today on the Tax Policy Center’s report about the budgetary implications of Paul Ryan’s new budget. In general, it produces a budgetary hold of… Read more “When the Tough Get Cutting”
“The thing that hath been is that which shall be; and that which hath been done is that which shall be done; and there is no new… Read more “There’s Nothing New Under the Sun”