Dean Baker makes what seems to be a stunningly obvious point, one that I haven’t seen discussed anywhere. … [Read more...]

I’m constantly astounded that nobody on the left or the right ever mentions Milton Friedman’s proposal for … [Read more...]

In my ongoing efforts to clarify national-accounting-speak (for myself and others), I’d like to take a stab at … [Read more...]

I was poking around at the very interesting Divisia measures of money, and came up with the following … [Read more...]

This line by Matt McOsker, in a comment on one of my recent posts, now reigns as the best line of the year in my … [Read more...]

The intellectual equivalent of medieval bloodletting: “We’ll just drain out the bad … [Read more...]

Much ado is made of the Fed’s “credibility,” which is dog-whistle-speak for its ability, willingness, … [Read more...]