The Money Illusion. Consider a recent comment in response to my complaint about people's obsession with the Gaza War:

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    The future course of the economy always involves a bit of guesswork. But it seems to me that the following two claims are pretty likely to be true:1. Over the past three years, monetary policy has b...

  • TheMoneyIllusion » Demystifying NeoFisherism

    James Bullard has a new paper out discussing the NeoFisherian perspective on interest rates.  According to the NeoFisherian view, holding interest rates at a low level for a long period of time will l...

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    I've seen recent signs that the gap between Keynesians and market monetarists is narrowing.  David Beckworth reached out to fiscal advocates in a recent post, and Ryan Avent also tried to bridge the g...

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