U.S. Breakeven Inflation Comments
U.S. Breakeven Inflation I recently reviewed a breakeven inflation chart and noticed some interesting trends. In this article, I will ...
Sellers’ Inflation
Definition and concept of seller’s inflation Seller’s inflation refers to the phenomenon of rising prices and increasing costs of goods ...
Primer: The Cantillon Effect
The Cantillon Effect is the label applied to a process described in Richard Cantillon’s , «Essai sur la nature du ...
Understanding the Money Multiplier in the Bond Market
Money Multiplier in the Bond Market Discover the power of the money multiplier in the bond market. This comprehensive article ...
Another Bank Bites The Dust
First Republic Bank was forced into a take over by J.P. Morgan Chase, and was yet another Californian victim of ...
The Canadian “Fiscal Crisis Of 1994-5”
I have now arrived at the part of the preparation for my panel that I have dreaded: the Great Canadian ...
IMF WEO Debt Reduction Chapter
The International Monetary Fund (IMF) has recently published its World Economic Outlook (WEO) which has a combination of a report ...
Tax And MMT Mudslinging…
I have been tied up courtesy of a major power failure, Easter, and other family obligations. Over the weekend, there ...
Public Pensions And Net Debt
Some Canadian conservatives were predictably angry last week when the Federal Liberal government highlighted Canada’s relatively low net debt. They ...
Learning From The Crisis (MMT Perspective)?
The panel I am on is shifting its topic a bit to include some discussion of the latest crisis. Although ...
Currency Swap Facility Comment
I have something written on currency swaps, but it is probably too complex. I want to make a brief and ...
Oh No, Panic In Silicon VAlley
The American Federal Deposit Insurance Corporation (FDIC) made the unusual step of shutting down the flailing Silicon Valley Bank (hereafter, ...
Financial Markets And Inflation
Note: this is an unedited draft chapter section from my inflation manuscript. I am not too happy with this, but ...
MMT After The Pandemic Shock
It is likely that I will be participating (remotely) in an academic panel about Modern Monetary Theory (MMT), with a ...
One Weird Trick That Neoclassical Economists Hate!
Blair Fix caused a bit of a stir last week on economics Twitter with a cleaned up version of the ...
Inflation Index Calculation Basics
My upcoming inflation book continuously refers to price indices, such as the Consumer Price Index (CPI). A price index is ...
Core Inflation Woes
Alex Williams recently wrote “What Is ‘Core PCE Services Ex-Housing’ Anyway?,” which dissects the measure that the Fed is using ...
MMT And Banking
Since I am in the Modern Monetary Theory (MMT) camp, I cannot write a book on baking without covering some ...
The Return Of The Debt Ceiling (Again)
The debt ceiling is being used a negotiating tool in American politics yet again. My concern with American politics is ...
Basis Point Usage
There has been a strange debate on Twitter about the usage of the term “basis points.” The argument is that ...
Yield Curve Control Sustainability
Megan Greene recently wrote [the] “Bank of Japan Needs the Courage to Change Course” at the Financial Times. I would ...
Yield Curve Control Blues
The Bank of Japan surprised people with a change to its yield curve control (YCC) policy. This has caused a ...
Quick Indicator Comments
I just wanted to make two quick comments about data in the United States. The first is about a new ...
