A –> B –> C, Does A imply C?
Facebook Twitter LinkedIn I believe the answer is yes, due to “transitivity”. But what do MMTers believe?Let’s say A is: Big open market operations occur...
Author : TheMoneyIllusion
Trump concedes I was right all along
Facebook Twitter LinkedIn This: In Thanksgiving Message, Trump Says ‘We’re Like a Third-World Country’ Yes, we are. And what a lovely Thanksgiving message. We deserve...
Stop obsessing over interest rates
I have a new Mercatus working paper explaining why monetary economics needs to stop focusing on interest rates. Of all the economics papers that I...
I shouldn’t, but no two people on Earth are more deserving
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MMT bleg
Facebook Twitter LinkedIn Modern Monetary Theory is a term that one encounters with increasing frequency. It is often applied to a specific policy, such as...
Something I never thought possible
Facebook Twitter LinkedIn Here’s the Washington Post: But on Sunday, Guiliani and Ellis distanced themselves from Powell.“Sidney Powell is practicing law on her own,” Giuliani...
Never reason from a quantity change
Facebook Twitter LinkedIn David Beckworth has a graph showing the relationship between inflation and the size of central bank balance sheets, as a share of...
About that Italian study
My recent post on the Italian study of early Covid spread was criticized for highlighting the interpretation of the Daily Mail, a disreputable paper.Here’s Business...
Ross Douthat on Trumpism
Facebook Twitter LinkedIn I wish I could write sentences like this: For the center, the revelations of 2016 were about policy failures that had been...
Pure, 100%, unadulterated, anti-Chinese bigotry
The media is full of anti-Chinese bigotry, but rarely in as pure a form as this classic Daily Mail headline: Further evidence emerges that China...