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