The macro crystal ball: macro framing and historical antecedents
Listen, I want to start this month with a thought piece rather than a data piece. And this is going to be a pretty long post. But I think it’s important because I plan to build on it.
How transitory is transitory, housing edition?
In yesterday’s post, the question was this: how bad do inflationary impulses have to get – even if they’re just transitory – to matter? The Fed is telling you they have to get pretty bad for it to react. And with US Treasury bond yields sat at 1.58%, the Treasury market is telling you the same thing.
Anwar Shaikh speaking at the Oxford Economics Society
Anwar Shaikh gives a talk at the Oxford Economics Society on his argument for a general theoretical and empirical alternative to both neoclassical and post-Keynesian economics.
Safe and Snug in My Remote Office, Or Am I?
March 2020 was scary for most people around the world. A new and dangerous virus was afoot and uncertainty was the order of the day. As it turned out, for many of us we made a rapid pivot to working remotely and to social distancing.
Tax and spend, crony capitalism and the peasant revolt
Let’s veer into the political economy today, a sort of third rail of market and economic commentary. The reason I want to discuss it is the tax grab contemplated by the Biden Administration in the US.
What an AI Laundry Machine Taught Me About Economics
We arrived in Japan recently to attend to some family matters. One household issue we also wanted to deal with was our legacy washing machine. Little did I know that this would start an adventure in both technology and Economics.
