Notes on the Crises

Crises from a Monetary Political Economy Perspective

Aug 16, 2022

The Inflation Reduction Act, Employ America and Oil & Gas. Now What?

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

Jul 14, 2022

Don’t Let Dick Cheney Ruin Price Regulation Too.

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

Feb 7, 2022

New Report: Monetary Policy Without Interest Rate Hikes

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

Dec 20, 2021

Why Did the New York Federal Reserve Stop Surveying Evictions?

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