Archive for the ‘New Posts’ Category

Four lessons about contemporary monetary policy.

May 3rd, 2018

Yes, we live in chaotic, uncertain times, with nationalism, populism, and protectionism on the rise. Also, hush money to porn stars. But amidst the noise, the Federal Reserve is quietly going about its business, hitting its dual mandate of full employment at stable prices. That is, the job market is close to full employment, with… Read more

Deficit, schmeficit…[try saying that 3 times fast]

April 22nd, 2018

In my not-at-all-humble opinion, we need many more articles like this one by the WaPo’s Jeff Stein on the so-called deficit owls. They’re the opposite of deficit hawks, the first to ask “so what?” when the typical DC pundit bemoans the trillion dollar deficits we’re now looking at in coming years. (Why that makes them deficit… Read more

Three pieces on why work requirements won’t work

April 16th, 2018

The Trump admin and their allies in Congress are trying to add work requirements to anti-poverty programs. A number of excellent sources explain why this won’t work, where “work” means help poor adults move closer to self-sufficiency. Of course, if the goal is to simply kick people of the rolls, which for some legislators, I’m… Read more