Short intro course on money
I tried to...ut together a short intro course on money for students who have already studied basic macroeconomics. It consists of nine...osts: 1. Money...
Author : TheMoneyIllusion
Interest Rates Are an “Unreliable Indicator”
I often point out that on a few occasions easy money policy announcements have actually raised long term bond yields. But that’s obviously not always...
A Recent Twitter Discussion of Electronic Money
I haven’t gotten into twitter (lack of time) but occasionally see twitter threads linked to in blogs. Miles Kimball recently linked to an interesting twitter...
In Praise of The New Yorker
Despite the fact that The New Yorker regards itself as the “best magazine that ever was,” I rarely get around to actually reading it. I...
The Third Way
Paul Krugman expresses frustration that “austerians” keep using bad arguments: [We Keynesians are] not always and everywhere against fiscal consolidation; give me the right economic...
Putting a smiley face on the Chinese Communist Party
I won’t enjoy writing this post, but a recent defense of the Chinese government annoyed me on just about every level possible: The world’s largest...
Here we go again
From CNBC : No Money? No Worries. Home Lenders Ease Rules As housing heads into the critical spring market, credit is finally beginning to thaw....
Inflation, Jobs, and Real GDP
I see that Paul Krugman is still insisting that Britain’s problems are due to fiscal “austerity,” which would only make sense if they were stuck...
Morgan Warstler wants to auction the unemployed
I think his plan would work great . . . in Denmark. The Danes would run it at the county level, both in terms of...
Memories of the Eisenhower Administration
Paul Krugman argues that we need to look at the cyclically-adjusted budget deficit. And it doesn’t even matter if we have a humongous cyclically-adjusted...