Author : TheMoneyIllusion

For 6 months I’ve been telling people that Trump is a lunatic, and my commenters keep insisting that I’m “deranged”, or “unhinged”, or off my...

It’s silly to poll Americans on economic policy questions.  They do not understand enough economics to give an intelligent answer.  But people keep doing so....

There’s a lot of discussion about whether Britain will have a recession as a result of Brexit. There has been a pronounced tone-change among UK...

During the first several years of Abenomics, the BOJ actively pushed monetary stimulus.  Their announcements were often more aggressive than expected, and the yen depreciated...

Back in July 2014, I made a prediction that 3% NGDP growth was the new normal, as soon as unemployment fell to the natural rate. At...

Hot off the press: Donald Trump reversed himself on a major policy plank Wednesday as he told reporters he now backs a $10-an-hour federal minimum...

Quick follow-up to my previous post.  Here’s commenter Danyzn, with an excellent analogy: Here’s an analogy which may be helpful. Think of the Fed not...

When people come at NGDP futures targeting from a financial markets angle, they get hopelessly confused.  For instance, they worry about a potential lack of...

CNN has an interesting article on Trump supporters in Youngstown, Ohio. Trump fans will like what they read (even 18 Democratic precinct captains voted for Trump)....

[Most readers will want to skip this post] Don’t you hate those clever inside the Beltway reporters, like Ezra Klein?  Always showing their superiority by...