Two quick comments on taxes
Matt Yglesias has a post on land taxes: Subtract and we conclude that there’s $1.758 trillion* worth of land in the corporate sector. Last we...
Author : TheMoneyIllusion
Somewhere Between Rocket Science and Quantum Mechanics
Monetary economics is definitely harder to grasp than rocket science, but easier than quantum mechanics. One of the hard parts is breaking free from the...
The “stance” of monetary policy
When I present my talk on the 2008 recession there are always questions about my claim that money was tight in 2008. Smarter questioners will...
It’s Not About Inflation
Over the years my critics, and even some of my supporters, have said; “Sumner is basically proposing higher inflation as a solution.” That was never...
We Are the Freak Show
The press tends to treat foreign countries as a sort of “freak show.” ”Look at all the bizarre things going on in China!” Or Japan,...
Is the eurozone beginning to wake up to reality?
Mark Sadowski sent me some interesting links from the WSJ : Speaking to journalists late Wednesday in Frankfurt, Deutsche Bank chief economist David Folkerts-Landau said...
Is Madison the Future of America?
This map shows whites in blue, blacks in green, hispanics in yellow, and Asians in red. Notice that blacks and hispanics live on the edges...
Pay attention to the theoretical world
Mark Sadowski sent me this link by John Carney: Sumner, for example, i nsists on treating quantitative easing as an increase in the monetary...
Brad DeLong Seems to Think He’s Nostradamus
The rule of thumb, IIRC, is that the average duration of an unemployment spell increases by 1/4 of the increase in the duration of unemployment...
Average isn’t over in China
Good news : In the same week that international educators are debating the comparative merits of global school systems—and whether China’s PISA scores are overhyped...