On the 2% inflation target

Project Syndicate asked Mike Boskin, Brigitte Granville,  Ken Rogoff and me whether 2% is the right inflation target. See the link for the ...

Electric vehicles, carbon taxes, supply and demand, virtue signals, and China

If you have not been paying attention, our government has decided that all electric vehicles are the solution to the climate problem. At lea...

Writing tidbit

From Joseph Epstien's oped in the July 13 WSJ  on Biden v Trump (please, dear Lord, no) Each man has risen to the presidency thanks, m...

Freeman on Mills on IEA on battery powered cars

James Freeman's always excellent "best of the web" WSJ column today  covers a Manhattan Institute report by Mark Mills  itself...

New York Times on HANK and questions

By the standards of mainstream media coverage of technical economics, Peter Coy's coverage of HANK (Heterogeneous Agent New Keynesian) m...

Inflation and debt across countries

Peder Beck-Friis and Richard Clarida at Pimco have a nice blog post on the recent inflation, including the above graph.  I have wondered,...

Fiscal inflation and interest rates

Economics is about solving lots of little puzzles. At a July 4th party, a super smart friend -- not a macroeconomist -- posed a puzzle I sho...