Asymptosis

Recent Posts

• How The Great Moderation Destroyed the Fed’s Credibility
• Rules? In Knife Fight?!
• Fed’s Dudley Agrees: QE is Not About the Reserves, or “Printing Money”
• The Fed Is not Printing Money: Two Updates
• The Fed is not “Printing Money.” It’s Retiring Bonds and Issuing Reserves.
• How Wall Street Stole Main Street
• More American Exceptionalism: Drowning the Baby in the Bathwater
• Money Velocity Since 1869: Somebody Please Tell Me What to Think About This
• Bleg: What’s Wrong with the MPC/Spending-Velocity Argument?
• Edward Lambert on Effective Demand, Labor Share, Capacity Utilization, and Growth
• Should The Inflation Target be 4.3%?
• Scott Sumner Goes Marxist, Proposes Targeting Labor’s Share of Income
• No: Less Consumption Does Not Cause More Investment
• The Villain of Building Energy Efficiency: Triple-Net Leases. Not Picking the Low-Hanging Fruit
• “Track Changes” on Fed Statements
• Fed today: “fiscal policy is restraining economic growth”
• Yowza. Now Even AEI is Dissing Austerity.
• “Yes, the government must pay its bills in the long run.” (Every few centuries?) Questions for Krugman.
• Currency is Equity, Equity is Currency
• Do Savers “Take Resources out of Society”?
• All Currency is “Fiat” Currency
• Full Cred and Props to Reinhart & Rogoff and the BEA: They Collected the Data
• Identity Games: Saving ≠ Saving? Whodathunkit?
• Note to Reinhart/Rogoff (et. al): The Cause Usually Precedes the Effect
• Okay Fine, Let’s Call Investment “Saving.” Or…Not