It looks as if the EU rescue of Greece in particular, but then the de facto bailout of Spain, Portugal, Ireland, Italy, and Hungary has mostly been… Read more “FU! I Mean, EU!”
Tag: Scott
Being Concise
Scott Sumner thinks those of us who favor a monetary policy regime of explicit level targeting of a nominal variable (NGDP, in this case) should do one… Read more “Being Concise”
A Bleg for Reconciliation!
This statement is from Frederich Mishkin’s best-selling monetary economics textbook: It is dangerous always to associate the easing or the tightening of monetary policy with a fall… Read more “A Bleg for Reconciliation!”
You Were Not Invited
Ever wonder what it would be like to have Paul Krugman throw a party and then not invite you? Well that happened to me, today…but since I… Read more “You Were Not Invited”
Entropy and Economics: Agglomeration
In the course of this series, we laid out the foundations of — and rationale for — adapting and applying the concepts of entropy to economic analysis.… Read more “Entropy and Economics: Agglomeration”
Hypothetical Criticism
I have gotten absolutely zero criticism for my “Liquidity Traps are for Suckers” post. So instead of responding to actual criticism, I’m going to respond to a… Read more “Hypothetical Criticism”
Liquidity Traps are for Suckers
I intend this to be a two part series: the first will outline some recent commentary on liquidity traps and how taken together, the signify a larger… Read more “Liquidity Traps are for Suckers”
