Clik here to view.
The Absurdity of Sandy Weill
I’m suggesting the big banks be broken up so that the taxpayer will never be at risk, the depositors won’t be at risk and the leverage will be something reasonable. This from the guy who provided the...
View ArticleClik here to view.
Gold, Price Stability & Credit Bubbles
John Cochrane thinks that central banks can attain the price-stability of the gold standard without actually having a gold standard: While many people believe the United States should adopt a gold...
View ArticleClik here to view.
Why Modern Monetary Theory is Wrong About Government Debt
I’ve taken some criticism — particularly from advocates of modern monetary theory and sectoral balances and all that — for using total debt rather than just private debt in my work. The modern monetary...
View ArticleClik here to view.
Of Krugman & Minsky
Paul Krugman just did something mind-bending. In a recent column, he cited Minsky ostensibly to defend Alan Greenspan’s loose monetary policies: Business Insider reports on a Bloomberg TV interview...
View ArticleClik here to view.
Why Does Anyone Think the Fed Will Taper?
Simon Kennedy of Bloomberg claims: The world economy should brace itself for a slowing of stimulus by the Federal Reserve if history is any guide. Personally, I think this is nutty stuff. In enacting...
View ArticleClik here to view.
Why I Was Wrong About Inflation
Back in 2007, I was much more interested in finance and trading than I was in macroeconomics. When the crisis — and the government’s macroeconomic response to the crisis — began in 2008 what was...
View Article
