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https://www.themoneyillusion.com/category/utilitarianism/ TheMoneyIllusion » Utilitarianism I was awakened about 3am last night by my alter ego, Scott Slumber. He seemed very upset and had me dictate a blog post. I was only able to scribble down a... themoneyillusion utilitarianism https://www.themoneyillusion.com/2023/09/ TheMoneyIllusion » 2023 » September The Economist has an article discussing how recent Japanese history provides some useful lessons for China. There are correct that Japan is a cautionary tale,... themoneyillusion september https://www.themoneyillusion.com/2009/04/ TheMoneyIllusion » 2009 » April People that develop new ways of looking at the world are most successful if they can create a new language, a new set of metaphors. I don't have the literary... themoneyillusion april https://www.themoneyillusion.com/2010/11/ TheMoneyIllusion » 2010 » November Luis Arroyo sent me the following graph: I get frustrated when I read people arguing the Eurozone problem is that the ECB can't come up with a... themoneyillusion november https://www.themoneyillusion.com/2010/01/ TheMoneyIllusion » 2010 » January Michael Pettis has the best blog on the Chinese economy that I have been able to find. If you are interested, you should check out his recent post on how the... themoneyillusion january https://www.themoneyillusion.com/2016/10/ TheMoneyIllusion » 2016 » October Here's something that caught my eye: Federal Reserve officials are increasingly making the case that Congress should spend more money to stimulate the economy,... themoneyillusion october https://www.themoneyillusion.com/2017/04/ TheMoneyIllusion » 2017 » April I recently listened to three podcasts, involving James Bullard, Miles Kimball and Tyler Cowen. In all three cases, I found myself agreeing with most of the... themoneyillusion april https://www.themoneyillusion.com/2012/04/ TheMoneyIllusion » 2012 » April This morning while driving to work I heard a snippet from a Paul Krugman interview. One of his comments (in reference to the Bernanke press conference) perked... themoneyillusion april https://www.themoneyillusion.com/2016/06/ TheMoneyIllusion » 2016 » June So the man who just last weekend was the odds on favorite to be the next PM is out. Someone going under the moniker themoneyillusion june https://www.themoneyillusion.com/category/market-monetarism/ TheMoneyIllusion » Market monetarism Six years ago, I wrote a post that reflected my view of the proper relationship between the Fed and the markets: That’s not Bullard’s job. He hasn’t been hired... themoneyillusion market monetarism https://www.themoneyillusion.com/2010/03/ TheMoneyIllusion » 2010 » March Dilip sent me a couple links (here and here) of people trashing a new post by Mankiw. If they hadn't done so already, I probably would have attached attacked... themoneyillusion march https://www.themoneyillusion.com/a-long-strange-trip/ TheMoneyIllusion » A long strange trip For readers who don't already know this, my new blog is over at Substack:scottsumner.substack.comThis will be my final Money Illusion post. The blog began on... a long themoneyillusion strange trip https://www.themoneyillusion.com/2012/09/ TheMoneyIllusion » 2012 » September Here's John Hilsenrath, the reporter with the best Fed sources: Drawing broad support for the plan was important to Mr. Bernanke in part because the policies... themoneyillusion september https://www.themoneyillusion.com/category/level-targeting/ TheMoneyIllusion » Level targeting Rajat directed me to a new post by Stephen Williamson, which suggests that recent events provide support for the NeoFisherian view. The Fed has been gradually... themoneyillusion level targeting https://www.themoneyillusion.com/2023/01/ TheMoneyIllusion » 2023 » January David Beckworth has a new podcast where he interviews John Roberts, who spent 36 years at the Federal Reserve Board as a macroeconomist. At one point in the... themoneyillusion january https://www.themoneyillusion.com/2019/09/ TheMoneyIllusion » 2019 » September I was recently directed to an interesting Jason Douglas tweet showing a slowdown in UK investment---perhaps due to Brexit uncertainty: I was curious as to how... themoneyillusion september https://www.themoneyillusion.com/2016/08/ TheMoneyIllusion » 2016 » August Here are four facts about monetary policy: 1. The Fed's official goal is 2% headline PCE inflation. 2. PCE headline inflation has averaged 1.12% over the past... themoneyillusion august https://www.themoneyillusion.com/2017/07/ TheMoneyIllusion » 2017 » July During the campaign, there was a vigorous debate in the comment section of this blog. One side agreed with my claim that Trump was a clown and a buffoon, while... themoneyillusion july https://www.themoneyillusion.com/2021/03/ TheMoneyIllusion » 2021 » March One of my favorite David Beckworth podcasts is his interview of Ed Nelson, who has recently published a book on Milton Friedman (which I plan to read soon.)... themoneyillusion march https://www.themoneyillusion.com/category/fiscal-policy/ TheMoneyIllusion » Fiscal policy For quite some time, I've been beating the drum on the reckless nature of fiscal policy, and now the media is getting on board. Craig Torres and Liz Capo... themoneyillusion fiscal policy https://www.themoneyillusion.com/2017/09/ TheMoneyIllusion » 2017 » September Trump is so in love with big government policies to protect labor unions that he's willing to put that goal ahead of reducing the suffering in Puerto Rico: The... themoneyillusion september https://www.themoneyillusion.com/2010/04/ TheMoneyIllusion » 2010 » April Those who teach the AS/AD model may do the example of the big drop in AD after 1929. Then you are supposed to show two alternatives; either the Keynesian... themoneyillusion april https://www.themoneyillusion.com/2015/05/ TheMoneyIllusion » 2015 » May Was it when they started talking about helicopter drops? Or perhaps the point where the LA labor unions asked to be exempted from the new minimum wage law?... themoneyillusion may https://www.themoneyillusion.com/films-of-the-3rd-quarter/ TheMoneyIllusion » Films of the 3rd quarter I now watch so many films that I can no longer wait for an annual list. Most are older, so there's almost nothing here for people who want tips on new films. I... of the themoneyillusion films quarter https://www.themoneyillusion.com/category/supply-side-economics/ TheMoneyIllusion » Supply-side economics Over at Econlog, I have a post discussing the slowdown in US population growth, to 0.6% in 2018 (the slowest growth rate since 1937.) A WSJ article also had... supply side themoneyillusion economics https://www.themoneyillusion.com/category/inequality/ TheMoneyIllusion » inequality Before explaining the title of this post, let me point out that I will be interviewed on monetary policy by Charlie Deist for 1 hour tomorrow morning (8-9am... themoneyillusion inequality https://www.themoneyillusion.com/category/forecasting/ TheMoneyIllusion » Forecasting As we enter 2019, there are some economic indicators worth thinking about. Some are obvious, like the strong jobs growth (stronger than I expected.) Some are... themoneyillusion forecasting https://www.themoneyillusion.com/2016/12/ TheMoneyIllusion » 2016 » December Scott Alexander recently had this to say about a Vox article on Brazil: Brazil has just passed the most extreme austerity measure in history in the middle of a... themoneyillusion december https://www.themoneyillusion.com/2013/11/ TheMoneyIllusion » 2013 » November As readers know I'm not very good at mathematical economics. Actually that's not quite right, I'm pretty good at that part of math called themoneyillusion november https://www.themoneyillusion.com/category/modern-monetary-theory/ TheMoneyIllusion » Modern Monetary Theory Patrick Horan and I have a new piece over at The Bridge, which criticizes the increasingly popular themoneyillusion modern monetary theory https://www.themoneyillusion.com/page/2/ TheMoneyIllusion There has recently been a lot of discussion about how all of the conspiracy nuts are moving over to the GOP, whereas not so long ago they were at least as... themoneyillusion https://www.themoneyillusion.com/2023/06/ TheMoneyIllusion » 2023 » June Here we go again. Today produced another slew of reports that the economy is re-accelerating. Here's Yahoo: themoneyillusion june https://www.themoneyillusion.com/category/monetary-policy-stance/ TheMoneyIllusion » Monetary policy stance During late December, there was a lot of chatter in the press and the blogosphere about monetary policy. Many pundits expressed concern that policy was off... monetary policy themoneyillusion stance https://www.themoneyillusion.com/2022/02/ TheMoneyIllusion » 2022 » February Apparently there's a hoax going around that Putin stooge Paul Manafort actually managed Trump's 2016 campaign. Matt Yglesias has the goods. Where's Senator Joe... themoneyillusion february