NY Times gives the Yellen Fed a pass for the first year and the next
I was sent an article in the NY Times that recaps Yellen’s first year as the Chairwoman of Federal Reserve …
Monthly Archives: December 2014
Humility is a difficult part of success
As I pointed out in an earlier post, Milton Friedman tried fruitlessly to make headway within the profession in dealing …
Ode to the grinchy righty-tighties
This is a VERY informal post. Today has been one of those days – of all days. And I should …
The extremes and the third front
So on Sumner’s blog about Krugamn on liquidity traps, he says that MM’s are somewhere between extremes and engage in …
What’s the matter with Russia?
The topic of the Russian economy and the ruble has been at the top of financial news lately. I originally …
Canned astonishment
Here’s a quote from a popular economist and critic of inflation targeting: Supply shocks were an issue in 2002-2004 when …
George Pataki for President?
Several years ago I “Liked” the former governor of New York, George Pataki’s Facebook page which has been relatively quiet, …
I don’t understand Bernanke defenders
Bernanke may be the nicest, most well-intentioned smart guy on the planet. But my pinning of the lion’s share of …
The permanent downshift in NGDP trend: 2009 NGDP trend line is the new normal
In an earlier post I made a summary listing of points most discussed on my blog regarding the perverse incentives …
Interest rates and monetary policy: Double standards for MM?
On a recent post by Scott Sumner that points out an article in the Financial Times regarding the tightening actions …
dajeeps 