Bitcoin is Not A Bubble
The Secularly Stagnating Arguments of Olivier Blanchard and Larry Summers
.
Paul Krugman Has Changed His Tune About Our “Long Run Budget Problem"
.
I Am Leaving Substack: Here’s Why
Note: This was Published April 6th 2021. It has not been updated to reflect changes in my life circumstances, the newsletter or in the wider world. To subscribers- I will return next week with new pieces sent out on Ghost. I’m leaving Substack.
Have Nonfinancial Businesses Generally Turned to Financial Investments for Profits?
Guest piece by Joel Rabinovich
The New Frontier: Debating Inflation
_____________________________________
When Do We Know Employment has Fully Recovered From the Coronavirus Depression?
Designing Automatic Triggers for State and Local Policy.
No, the Eurosystem of Central Banks Can’t Run Out of Euros
However, Eurozone Member States Can
What the Hell is Going on With Federal Reserve Crisis Facilities?
Full of Sound and Fury, Signifying Nothing
Much Ado About Checks
How Do You Solve a Problem like Direct Payments?
What are Fiscal Multipliers? Part One
Republished After Corrections
It's the index, stupid! Our New Not-So-Neutral Financial Market Arbiters
Guest Piece