It sometimes seems as if the only people who mention the man’s name in public have no idea what they’re talking about.
By: Matthew C Klein
Some folks want to eliminate private property with the help of the blockchain, smart contracts, the “sharing economy”, and the “Internet of Things”.
Unpacking the monetary policy views of a potential nominee to the Federal Reserve Board.
Oh and he also wants paper money to stop being accepted at par value all the time.
630 billion francs later, did they actually do anything?
Researchers from the UN make an important contribution but encounter same pitfalls as everyone else trying to measure financial conditions.
The productivity problem is real — and getting worse.
Doing about as much with a lot less.
On a relative basis they have almost never been cheaper.
Could the rally in Greek sovereign debt have further to run?
Cutting taxes on actual workers would be a good start.
Tax cuts may or may not be a good idea. But worrying about the impact on the deficit is silly.
Even if you trust consumer sentiment data, there is little to suggest that the improvement in expectations will lead to significantly more spending.
Lower overall tax rates and a bigger standard deduction could more than offset the impact.
Why should the benefits of integration and price stability be limited to Europe?
Hyun Song Shin on symptoms versus causes.
Enough with that blasted Oliver Wendell Holmes quote.
Small is beautiful.
New research investigates how to make the Greek government’s debt sustainable without making any heroic assumptions.
The triumph of hope over experience.
Market prices imply airlines won’t maintain their profitability without sadistic measures to tamp down costs.
Post-crisis mortgages cost more. That might be because banks are doing them properly this time.
Jamie Dimon thinks there is “too much” capital in the banking system. Fed economists in the supervisory division think there isn’t nearly enough.
If all the free-thinkers in a country leave, guess who’s left?
Pension plans don’t speculate on macro trades.
This is a real puzzler.
Cashing out of stocks after prices have dropped can make a lot of sense if you’re worried that incompetent policymakers are about to drive your country into a repeat of the Great Depression.
Lots of money chashing expensive assets generally doesn’t end well.
Something odd in the ECB’s disaggregated financial statements.
Central banks generally think they are reacting to changing economic conditions. What if they’re actually causing them?