Author : TheMoneyIllusion

Many people have sent me an excellent new paper by Wolfgang LECHTHALER, Claire A. REICHER, and Mewael F. TESFASELASSIE, Kiel Institute for the World Economy.  The front...

That’s a made up quote, and perhaps a bit of hyperbole.  But it illustrates something that really bugs me about the blogosphere.  People make all...

Here’s an article discussing Bill Gross’s views on monetary policy: Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest...

[First a few notes.  An increasing number of comments are getting diverted to spam, where I have to fish them out.  But I won’t know...

I’ve seen a lot of interpretation of Thursday’s money supply announcement.  But it’s important not to overreach, just because we might find a particular theory...

In my view many pundits are excessively pessimistic about the Chinese economy, focusing too much on the weakness in heavy industry and exports. Offsetting that...

There’s a great new Wall Street Journal article that begins as follows: In the seven years since the world’s central banks responded to the financial crisis...

On some days that’s my impression of the economics profession.  They’ve made up their minds that the financial crisis (not tight money) caused the recession....