Hope from the left

One ray of hope in the current political scene comes from the land of deep blue.  However one views the immense expenditure on solar panels,...

The perennial fantasy

Two attacks, and one defense, of classical liberal ideas appeared over the weekend. " War and Pandemic Highlight Shortcomings of the Fr...

The barn door

Kevin Warsh has a nice WSJ oped warning of financial problems to come.  The major point of this essay: "countercyclical capital buffer...

Papers: Dew-Becker on Networks

I've been reading a lot of macro lately. In part, I'm just catching up from a few years of book writing. In part,  I want to underst...

The Fed and the Phillips curve

I just finished a new draft of " Expectations and the neutrality of interest rates ," which includes some ruminations on inflation...

Cost Benefit Comments

The Biden Administration is proposing major changes to cost-benefit analysis used in all regulations. The preamble here , and the full text ...

Stephens at Chicago; effective organizations

Brett Stephens gave a great commencement speech  (NYT link, HT Luis Garicano ) at the University of Chicago. One part stood out to me, and w...