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Friday, January 6, 2023

On Inflation

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[Note: I originally started writing this piece on December 23, 2022, then got held up with holiday festivities. More posts for the new year ...
Sunday, November 13, 2022

Rate Hike Disinformation is Getting Out of Hand

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Before diving in to today’s post, let me first acknowledge that, when I began this blog in early 2022, I was very much still at the beginnin...
Monday, October 17, 2022

A Thought Experiment

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Finance 101 introduces the concept of the "time value of money." The idea is that there is an opportunity cost in having money tod...
Friday, October 14, 2022

Rate Hikes Are Loose, Not Tight, Monetary Policy

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Public (and private) discourse about inflation and rates is truly bizarre. Consider the following scenarios: Scenario A: Savings account beg...
Saturday, August 6, 2022

Inflation, Markets, and Macro

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Two straight quarters of neg GDP (we predicted coming recession)… At the beginning of this year, we predicted a recession and risk-off peri...
Thursday, June 30, 2022

Levy Economics Institute MMT Seminar Post-Mortem (Part II)

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Last week, I wrote part I of a post-mortem from a fantastic MMT seminar at the Levy Institute earlier this month. There is a TON of materi...
Thursday, June 23, 2022

Levy Economics Institute MMT Seminar Post-Mortem (Part I)

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Last week, I travelled up to Annandale-on-Hudson, NY to visit the Mecca of MMT: the Levy Economics Institute at Bard College. Indeed, the te...