The idiot’s guide to inflation [Updated 1/4/2014]
What is inflation? Inflation is generally a function of demand. Prices rise when supply is constrained. It can happen from …
Monthly Archives: July 2012
The Bernanke legacy (“Heaven help us… Please”)
This is what 2% PCE inflation ceiling and IOR get us, and this is only a smattering of documentary evidence …
Bundesbank President Jens Weidmann doesn’t get Chuck Norris
In a Bloomberg.com article by Jana Randow and Lukanyo Mnyanda entitled “Draghi Boxes Himself into a Corner with Bond Signal: …
It’s easier to just blame it on too little NGDP (and would be correct too)
Checking out this CNN Money report on the GDP figure tomorrow it says: NEW YORK (CNNMoney) — The recovery is …
Question for more advanced macro folks concerning Interest on Reserves policy
I get that IoR is contractionary and it makes perfect sense to me. What I am looking for is what …
The Rise and Fall of the American Whig Party: Jacksonian Politics and the Onset of the Civil War
This is a book about the Whig Party by Michael F Holt that I recommend reading if you are interested …
Free Banking – Getting warmed up to the idea as a way out of Japanonomics
In various places I have commented that I support retention of the Federal Reserve as matter of practicality. My thoughts …
Pessimistic about QE3
I have said in various places that I violently agree with the opponents of QE3, and it apparently puts me …
The implications of the Sumner Critique to the current monetary policy framework
Perhaps I am slow, but the lights just suddenly came on inside my head as I was considering the importance …
Here we go again… Rehashing of the gun control debate no thanks to “The Joker”
In a legal sense, the Supreme Court recently affirmed an individual’s right to “keep and bear arms.” That is not …
