Author : TheMoneyIllusion

I suppose that most of us have experienced that sense of helplessness when our employers are determined to do something, even though it’s becoming clear...

Sometimes it seems like macroeconomics never makes any progress.  Fads go in an out of style in an endless cycle: classical, Keynesian, classical, Keynesian, classical,...

Mike Konczal has a new post criticizing the recent NYT piece by Beckworth and Ponnuru.  He makes four points.  The first is that Senator Cruz’s...

Today’s NYT has a piece written by David Beckworth and Ramesh Ponnuru.  I’m not going to excerpt it because you MUST read the entire article—it’s...

This is an issue that comes up all the time; so let me try to put things in perspective: 1.  Asset prices are procyclical, dropping...

It’s early 1815, and Napoleon has returned to France from exile in Elba, landing on the coast.  The French people have mixed views of this: Napoleon...

In the physical sciences, researchers identify empirical facts, and try to model them.  In economics, we observe empirical facts, and then create models to explain...

Here’s something by Jim Geraghty of the National Review: Let me offer a thought that every conservative should contemplate, even though it’s one we would...

The good news is that the Fed is unlikely to raise rates in the near future.  The bad news is that the Fed is unlikely...