Commentary
The Ghost of Christmas Inflation
This is part of an ongoing series of essays on inflation. This one is at Project Syndicate . The next post …
This is part of an ongoing series of essays on inflation. This one is at Project Syndicate . The next post …
Whew. The penultimate draft of The Fiscal Theory of the Price Level is now done, and in the hands of the cop…
I wrote a short-ish article for the Journal of Economic Perspectives on Fiscal Theory of the Price Level. It…
I'm working madly to finish The Fiscal Theory of the Price Level . This is a draft of Chapter 21, on how …
What about Japan? It's a question I often hear from advocates of fiscal expansion. Japan has huge debts a…
William Gropper, Construction of the Dam, 1938 To many on the left, it's always 1933. Building "road…
Greg Ip has a great column in the WSJ on Bidenomics. It's not long, it's so well written that it…
r<g is an essay on the question whether r<g means the government can borrow and not worry about repayi…
Discussing stimulus, a colleague passed along a factoid -- wages and salaries, he said, are running $20 bi…