Fiscal-monetary interaction

An email correspondent sent the above graph. The title is [Federal Reserve] Liabilities and Capital: Liabilities: Earnings Remittances Du...

Calomiris on Gramm Ekelund and Early on Income Distribution.

Charles Calomiris has a splendid WSJ review of a great book, " The Myth of American Inequality " by by Phil Gramm, Robert Ekelun...

FTPL revised Ch. 5 draft

The book isn't out yet, but I can't help myself... A revised draft of Chapter 5, fiscal theory in sticky price models is up on my we...

Stanford hates fun

Source: Stanford Daily Stanford hates fun is the title of the second Stanford article in the Wall Street Journal this week. (On t...

Expectations and the neutrality of interest rates video

I revised "Expectations and the neutrality of interest rates" and presented at the Hoover Economic Policy workshop. Thanks to the...

CDC, more on politicized agencies

Continuing a series on rot and politicization in administrative agencies... "Sure" comments on Marginal Revolution are fascinatin...

Second great experiment second update

The November CPI is in, and inflation continues to moderate despite interest rates that, while rising, are still below current inflation. T...

Climate disclosures and politics by bureaucracy

One of the most important and under-reported struggles under the radar is the politicization of administrative agencies, and the effort to c...

Twitter and universities

From Rob Wiesenthal at the Wall Street Journal  re Elon Musk and Twitter:  Minutes after closing his purchase of the company, he started a...

Fiscal Theory of the Price Level discount coupon

The Fiscal Theory of the Price Level is now available from Princeton University Press . The official release date is Jan 17, but both hard...

Waller courage

While the rest of the Fed climbs on the maybe-anvils-might-fall-from-the sky climate financial risk fantasy,  Chris Waller has the courag e...