Asymptosis

Recent Posts

• Sectoral Balances: (Mis?)understanding NAFA and Net Lending/Borrowing
• Your Personal Covid Risk
• Microfoundations: The Long Con
• Economic Origin Stories and the State of the World
• Savings Glut? “Households are Just Saving all that New Money!”
• Household Wealth by Wealth Percentile (be prepared to scroll)
• Buybacks Are Bad. But not for the Reasons You Think.
• Is U.S. Productivity Actually Skyrocketing?
• The Eighth Way to Think Like a 21st-Century Economist
• Safe Assets, Collateral, and Portfolio Preferences
• Why the “Money Supply” Is Conceptually Incoherent
• Actually, Only Banks Print Money
• Fake News from the CBO? Some Very Dicey Numbers in the New Income Inequality Report
• The Real (Real) Wealth Effect: Do Wealth Changes Change Spending and Cause Recessions?
• What Causes Recessions? A Physicists’ Complex Systems Model
• Are Holding Gains “Pseudo” Income? A Response to Martin Sandbu
• Wonky: More on Martin Sandbu’s “Pseudo” Income and Saving
• MMT and the Wealth of Nations, Revisited
• Wealth and the National Accounts: Response to Matthew Klein
• “In the Beginning…Was the Unit of Account” – Twelve Myths About Money
• The Mysterious Stock of “Loanable Funds”
• The Giant Logical Hole in Monetarist Thinking: So-Called “Spending”
• Liberals Getting It Wrong on the Job Guarantee
• My Letter to the Fed: Stop Misrepresenting the National Debt
• When Did Hillary Lose the Election? In 1964.