Whither inflation?

(Note: This post uses mathjax to display equations and has several graphs. I've noticed that the blog gets picked up here and there and ...

Phillips art

The Wall Street Journal gets a prize for Art in Economics for their Phillips curve article. Abstract expressionist division, not contemporar...

Too much debt, part II

" China to flood economy with cash " reads today's WSJ headline. When you read the article, however, you find it's not qui...

Europa hat die Banken missbraucht

An editorial in Süddeutche Zeitung, on Greece, banks and the Euro, summarizing some recent blog posts. I don't speak German, so I don...

Greenspan for Capital

Alan Greenspan joins the high-capital banking club, in an intriguing FT editorial If average bank capital in 2008 had been, say, 20 or even ...

The decline in long-term interest rates

Source: Council of Economic Advisers Long term interest rates are trending down around the world. And it's not just since the great rece...

Low Hanging Fruit Guarded By Dragons

A nice essay  by Brink Lindsey at Cato, analyzing some regulations that are strangling economic growth, with an explicitly bipartisan (multi...

The wrong austerity

Bailout deal brings wave of tax hikes - Ekathimerini.com A barrage of new tax measures are contained in the new bill presented to Greece’s ...

For better or worse?

Three recent news items and blog posts make a provocative contrast: Paul Krugman, New York Times,  " The MIT Gang " It’s actually ...

Summers and the nature of policy advice

Larry Summers has a fascinating editorial in the Financial Times titled " Corporate long-termism is no panacea — but it is a start ...

Greece and Banking

Source: Wall Street Journal; Getty Images A Wall Street Journal Oped with Andy Atkeson, summarizing many points already made on this blog. ...

Rule of Law in the Regulatory State

About a month ago, I participated in a conference at Hoover , inspired by the 800th anniversary of the Magna Carta. There were lots of inter...