Muddied thinking about real interest rates has done real harm. It leads policymakers to lower interest rates to boost investment, when they do more to raise asset prices and fuel speculation.
Read more...Examining Maniw’s core myths, um, principles, and how they are dangerously misleading.
Read more...Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Why inflation targeting is a destructive practice.
Read more...Time for a Marshall Plan for unemployment: no workfare, no bullshit jobs, no compulsory work, no digging holes. Start with a Green New Deal.
Read more...When Donald Trump became the presumptive Republican nominee, you could almost hear the glee from Camp Clinton. Lambert called the tweets from her supporters “giddy”. The pundits saw Advantage Clinton in her presumed lock on women, blacks, Hispanics, as well as the divide of red versus blue states working in her favor. Yet the body […]
Read more...Economist James K. Galbraith warns that ‘unrealistic expectations’ by creditors of Greece is a recipe for turmoil
Read more...Despite press reports to the contrary, in this year’s game of chicken over the Greek bailout, it looks like the IMF, and not Germany, blinked.
Read more...Repeat after me: study after study shows that minimum wages increases don’t lead to job losses.
Read more...An interview on inflation targeting and its implications.
Read more...Lies, damned lies, and statistics, unemployment report style.
Read more...The European Commission’s claim that the TTIP is aimed at ‘help[ing] people and businesses large and small” is shown to be a flagrant falsehood.
Read more...Decomposing the drivers and effects of commodity price swings.
Read more...In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.
Read more...Gasoline demand distracts from the more important subject that there is no fundamental reason for the current oil-price rally.
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