
Pleading The Fifth On The Fourteenth
I am currently working on another article, but given the clamour about the debt ceiling, I just want to repeat ...
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Money Multiplier Mudslinging
https://twitter.com/IrvingSwisher/status/1657812041812303876?s=20 There was a small kerfuffle on Twitter created by Olivier Blanchard regarding the money multiplier in the next version ...
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“Greedflation” Debate
I have started writing a section for my book on the “greedflation” debate: are corporations jacking up prices to pad ...
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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 ...
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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 ...
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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 ...
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Tax And MMT Mudslinging…
I have been tied up courtesy of a major power failure, Easter, and other family obligations. Over the weekend, there ...
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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 ...
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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 ...
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Currency Swap Facility Comment
I have something written on currency swaps, but it is probably too complex. I want to make a brief and ...
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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, ...
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Financial Markets And Inflation
Note: this is an unedited draft chapter section from my inflation manuscript. I am not too happy with this, but ...
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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 ...
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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 ...
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Inflation Index Calculation Basics
My upcoming inflation book continuously refers to price indices, such as the Consumer Price Index (CPI). A price index is ...
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Core Inflation Woes
Alex Williams recently wrote “What Is ‘Core PCE Services Ex-Housing’ Anyway?,” which dissects the measure that the Fed is using ...
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MMT And Banking
Since I am in the Modern Monetary Theory (MMT) camp, I cannot write a book on baking without covering some ...
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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 ...
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Basis Point Usage
There has been a strange debate on Twitter about the usage of the term “basis points.” The argument is that ...
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Yield Curve Control Sustainability
Megan Greene recently wrote [the] “Bank of Japan Needs the Courage to Change Course” at the Financial Times. I would ...
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Happy Holidays!
I will be off until early January. Merry Christmas, and a Happy New Year! ...
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Yield Curve Control Blues
The Bank of Japan surprised people with a change to its yield curve control (YCC) policy. This has caused a ...
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Quick Indicator Comments
I just wanted to make two quick comments about data in the United States. The first is about a new ...
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Lagging Economic Indicator Still Lagging
My feeling is that although it is too early to declare victory over high inflation rates, I think we are ...
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