An email correspondent sent the above graph. The title is [Federal Reserve] Liabilities and Capital:...
Inflation
The book isn’t out yet, but I can’t help myself… A revised draft of...
I revised “Expectations and the neutrality of interest rates” and presented at the Hoover...
The November CPI is in, and inflation continues to moderate despite interest rates that,...
The Fiscal Theory of the Price Level is now available from Princeton University Press....
Our great experiment in monetary economics continues. The news of the moment is that...
(at Project Syndicate) The Liz Truss Tragedy The former British prime minister’s downfall holds...
From Torsten Slok at Apollo Global Management. The picture says it all, but...
Mark Perry recently updated a fabulous chart: Not all inflation is the same. Some...
Now that 30 days have passed, I can post the full text of “Nobody...
