Everything You Need to Know About How the “Volcker Shock” Worked That Sheila Bair Forgot to Ask
Everything You Need to Know About How the “Volcker Shock” Worked That Sheila Bair Forgot to Ask
Student Loan Debt Cancellation Isn’t a Subsidy to Higher Education: Student Loan Credit is
SubscribeLast Wednesday the Biden Administration announced a number of changes to how student debt would be treated by the Federal Government. They all were important, but the change attracting the most attention was canceling ten thousand dollars of student debt of each borrower who made less than one hundred and
The Inflation Reduction Act, Employ America and Oil & Gas. Now What?
SubscribeAt the end of July, a few hours after I wrote about Employ America’s Oil and Gas proposal, the Biden administration implemented a modified form of their proposal. To briefly summarize, the Biden administration committed to further emptying the Strategic Petroleum Reserve. At the same time, they committed to
Is “Insuring” The Oil and Gas Industry the Right Response to the fallout from Ukraine?
This is a free piece of Notes on the Crises. Paid subscriptions help me release pieces like this for free, increasing their impact SubscribeSo far this month I have been focusing on catching up to various different aspects of the “inflation” conversation that has been happening in the United States.
The “Transitory Inflation” Debate Misses the Point.
Don’t Let Dick Cheney Ruin Price Regulation Too.
This is a Premium Pieces of Notes on the Crises In my last piece I focused on laying out how I view the “inflation” conversation that has been going on in 2022 (on the abstract level). There I briefly touched on some received narratives about “price gouging” that have circulated
Prices, Prices, Prices. (Almost) Everything You Wanted to Know, but Were Too Annoyed to Ask.
[PREMIUM TRANSCRIPT] Notes On The Crises Podcast #3: Karina Patricio Ferreira Lima and Chris Marsh on the IMF in Argentina… Again
Notes On The Crises Podcast #3: Karina Patricio Ferreira Lima and Chris Marsh on the IMF in Argentina… Again
Subscribe In our third episode Nathan spoke to Karina Patricio Ferreira Lima, a law professor at the University of Leeds, and Chris Marsh, a macroeconomist at Exante Data, about their paper questioning the legality of the International Monetary Fund’s 2018 program in Argentina. The interview runs through the important
New Report: Monetary Policy Without Interest Rate Hikes
SubscribeI don’t spend a lot of time writing about Modern Monetary Theory on Notes on the Crises. Regular readers will know that insights from MMT inform all my writing on this newsletter on various different topics. But I prefer to focus on my analysis of unfolding situations, rather than
Why I put “Crises” and not “Crisis” in “Notes on the Crises”
Why Did the New York Federal Reserve Stop Surveying Evictions?
Something I have periodically kept my eye on over the course of the pandemic has been the results of the New York Federal Reserve’s Housing Survey. Amazingly, they just happened to add some questions about evictions to their survey in the time period immediately preceding the pandemic. This is