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”
Category: Economics
Notes on Currency and Recession
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”
Paul Krugman Forgot His Economist Hat
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”
The EU is What Ails Britain
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”
Where is the Last Straw?
A country is not a household. Wait, back up. Let’s make that statement more clear. It is unlikely that an individual household has the reputational capital and… Read more “Where is the Last Straw?”
Solutions: Everybody Has One
NOTE: During an edit, I completely mangled this post, and the previous one was eaten by the internet…I’m trying to get it back together, so forgive me… Read more “Solutions: Everybody Has One”
Noah Smith on Wealth and Inequality
Noah Smith has a new piece in The Atlantic today about wealth distribution (yes, it has to do with that dumb video). The refreshing part is, Noah’s… Read more “Noah Smith on Wealth and Inequality”
Lake Atlantic-begone
Another day, another article full of awful commentary relating to that misleading video about “wealth inequality”. Here is Jordan Weissmann: But take note: wealth is extraordinarily uneven… Read more “Lake Atlantic-begone”
“Advocate Fiscal Policy, not Fiscal Stimulus”
Just like Schrödinger’s cat, I find myself suspended between two physical states. I’m stuck in a metaphysical state between agreement and disagreement. The catalyst of this sorry… Read more ““Advocate Fiscal Policy, not Fiscal Stimulus””
(MV=PQ) ≠ QTM
As I noted in an earlier post, I had a conversation with John Aziz regarding the quantity equation. Here is John’s question from Twitter: Why did Milton… Read more “(MV=PQ) ≠ QTM”